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Monday, January 14, 2013 1:45:23 PM
Why LSTG could be a great play The project is located right next to the El Sauzal mine which was acquired by GoldCorp in 2006 for 9.5 Billion Dollars! This is significant because the production capacity of the El Sauzal could be approaching its latter years of its mine life production as is already in decline.
This could put GoldCorp in the unique position to acquire a property containing an estimated $18 Billion worth of Gold and Silver…right next to their current mine!! The reason why this theory makes sense is GoldCorp doesn`t have to go very far to find their next `goldmine,` literally, it`s right next-door! Based on GoldCorps previous acquisition. The Glamis (GLG) owned El Sauzal mine was acquired by GoldCorp. (NYSE: GG) back in 2006, at a whopping price of $9.5 billion or roughly $54 a share. A windfall for Glamis share holders and still a bargain for GoldCorp., the acquisition turned out to be a win-win situation for both parties.
Bottomline LSTG could be worth substantially more if it becomes a target of acquisition.
On the Short Term What could happen with LSTG this week The stock appears to be on the verge of a very big rally..."
By the way, Mexico is not interested in nationalizing any of its mineral resources now or in the future, The Mexican economy is too intertwined with the US economy for that to take place.
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