(The post below is of low importance.)
One last comment about the numbers I posted. They are definitely not exact. Cash on hand would be factored into the market cap (should be). Therefore, you would have to subtract that from the $280M. On top of that, if there are other deposits (apparently there are) in their control, those would need to be factored into the overall oz. number. If those oz. are in the Yukon, for instance, they are probably not worth the same amount as those they have in Timmins.
Regardless, what it really comes down to on a producing mine is their cash cost to produce an oz. of gold. I am not sure what that is for LSG, but it appears that LSG is horribly underpriced. And it appears we all agree that EXS is also underpriced.
If anything, my expectation would be that EXS's oz. would be worth much less LSG's oz.
I do not follow LSG, but all of this discussion is beginning to make me think I should be. If anything, it will be a good story to watch in light of EXS, which is what you have been doing for a few years now. I have apparently missed out.
Thank you for posting. Your insight is helpful and thought provoking.
Understand the present. Create your future.
