LRC
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0.00% $3.54 laguna resources nl

Does LRC only have 400mil shares on issue? Looking pretty good...

  1. Blackgold3862
    165 Posts.
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    04/11/09
    13:41
    Post #: 5871206
    Does LRC only have 400mil shares on issue? Looking pretty good if that is the case.

    I think there is space for this 12mil Marcap stock to run with a 780,000 Oz JORC compliant gold resource.

    Open pit - with a $400 margin per ounce = 312mil

    NPV that back with development time, etc

    Also they are drilling more to sure up 2million oz.

    All for 12mil market cap...

    Am I missing something here?
    LRC Price at posting: 2.8¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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