LAF lafayette mining limited

laf undervalued

  1. 1,279 Posts.
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    NPV for the project as it stands is 29 cents per share. Current share price is 8.5 cents. Investment rate of return will be 35% and capital required is US$45 Million. None of this assumes excellent upgrades to reserves which will hopefully follow adding significantly to mine life and value. Cash cost for gold after credits will be US$20/ounce.

    Watch for a re rating to around 15 cents once finance risk is removed and construction begins. This stock could quite easily follow in the footsteps of OXR for those who have an appetite for soverign risk, albiet, where they are located is probably not to bad and they have good government support.

    This is one to watch over the next 12 months and the chart is looking good also.

    skippa
 
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