LAF lafayette mining limited

starting to silently get rerated

  1. 1,288 Posts.
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    The rerating has begun. Good accumulation is occuring. This stock is on a p/e of 2 and will be changing hand at least between 13-16 cents very soon.

    Annual revenues were restated last week by the company as being equal to 135000 ounces gold annually. This should generate 16 million nett profit per year. Construction has begun and will only take 9 months. First gold pour less than 12 months away.

    We are watching a mini OXR develop here. Market cap is still very cheap and the stock could easily justify a market cap of at least 50 million.

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