Saturday, April 08, 2017 7:58:07 PM
The share price will turn up in a sustainable way if they can deliver on their promise to startup the Dayton mine at 40,000 oz/yr and generate $20 million in yearly positive cash flow. Price of gold going over $1500 would also do the trick as that would make their currently uneconomic 3 million + oz in gold resources economic once again. The race is on to see which of these 2 catalysts will happen first. I think we have a max wait of 1 1/2 years. Now is the time to accumulate shares IMO. The company has little debt, they have lowered their burn rate drastically and the current share price is underpinned by the value of their real estate and mineral assets and thus the downside is limited from here. The upside is $1-2 or more if they don't screw things up by heavily dilution the shares outstanding.
Recent LODE News
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