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lhg the pick of the big golds

  1. xerxes_ph

    9,081 posts.
    LHG is set to fly with the gold price back over $371.

    The stock is, in my view the best of the Aussie blue chip golds.

    Why?

    Its total resource figure (and that includes reserves) has been upgraded to a massive 41.1 million ounces of gold and its reserves are now standing at an extraordinary 143.0 million ounces. LHG is going to be around for a long, long time.

    Of all of the Aussie gold majors LHG is the Least hedged - only 12.9% of its reserve base is covered by hedges.

    Gold production for the December quarter was up to a record 168,443 ounces - and this is set to rise singnificantly. LHG has the capacity to ramp up production to a million ounces p/a through plant expansion at the Kapit resource. And with the gold price continuing to rise this is a distinct possibility further down the track.

    A share price for LHG over $2.00 is feasible.

    NCM still has big capital expenses linked to its proposed Telfer mine while SGW's gold operations are expensive due to its high cost underground operations.

    Of the three gold majors - LHG NCM & SGW - it is LHG by a "country mile" which has least hedging and therefore has the best leverage to rises in the gold price.

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