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Re: pastorboy post# 8475

Tuesday, 12/11/2012 11:39:16 PM

Tuesday, December 11, 2012 11:39:16 PM

Post# of 12573
It is your money of course, but I am hesitant to use LSG as an apples-to-apples comparison. They have over $102 million in long-term debt and a 2.25% NSR with Franco-Nevada. Elimination of these would raise the $46 per ounce evaluation you stated.

$46 multiplied by our approximate 1M oz is still 46 million dollars. We are sitting at a $15M market cap right now.

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