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DanWebzster

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DanWebzster

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Re: DanWebzster post# 214

Sunday, 06/24/2018 1:13:18 AM

Sunday, June 24, 2018 1:13:18 AM

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LMCNF is a 2-yr old miner that has rolled up special situation cast-off mines to become a mid-tier producer.

Leagold should produce ~450,000 toz gold in 2018 with an AISC of 930/oz

Proven and probable reservices = 5.4mn toz

MC as of 6/18 ~$557mn with 284mn shares outstanding. The market values LMCNF at $103.08 / toz

Comparable gold miners are valued at least 4.9x LMCNF

One explanation is Gold stock ETFS have not yet recognized this company as a mid-tier producer. When and if they do, there will be institutional equity appreciation.
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