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Pisd

09/12/18 12:36 PM

#151 RE: Lucullus #150

C'mon TAHO, little bad news tanks it lol, reaffirm positive guidance no less. Great buying opportunity imo...

There is a good chance that Escobal will restart mining next year. The balance sheet looks strong and next year they expect to generate free cash flow even without Escobal. I believe it's a pretty good entry point at this level! There are not many mid-tier producer with similar potential!
Even without Escobal the balance sheet shows net assets of around 1.8 billion USD with a market cap of 0.85 billion. Seems to be a good deal imo. Just another year of patience needed!