Saturday, October 01, 2016 1:25:05 PM
I've been looking for a comparable mining company and the Gold Resource Cor, GORO, may be one.
Its been a producing gold and silver mine in Mexico for six years, ( base metal credits also). with an AISC cost of $916 vs Lion's projected cost of under $800.00. They have some other quite promising exploration properties in Mexico and Nevada.
They paid off their Capex in a short period of time as LIO is expected to do. Their proven resources of AuEq ounces at the mine is about 200,000 oz with perhaps another 30 % in base metal equivalents making it somewhat less than Lion's starter mine. Their AuEq gold grade of 5.31 g/t is much smaller than LIO's projected grade.
GORO is a good company. One reason I like the cut of their jib is that they've paid out more than $100 million in dividends, redeemable in gold or silver, (which I'm hoping will be in our company's future).
Their share count is a tight 63 million, though the important number is their market cap of CA $500 million vs Lion's of $100 million.
Although I'm biased , of course, I see more upside for LION.
http://www.goldresourcecorp.com/content/grc-presentation.pdf
Recent LOMLF News
- Shares of this Canadian Resource Company are up on Copper Porphyry Mineralization Discovery • AllPennyStocks.com • 03/04/2024 05:00:00 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM