LAF lafayette mining limited

9 bucks to mine an oz of gold!!!, page-17

  1. 1,303 Posts.
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    even if they issue a lot more paper, the economics of the mine still stack up well. US$9 per ounce cash costs after credits is incredible.

    at that rate it will be a quick pay back since earnings could be up as high as 3.5 cents per share assuming dilution down to 55%.

    They need to find more gold which they probably will and thats the risk in getting on board now. its probably a twi year play for those with patience and if all goes well, 40 cents may one day trade. not bad if you get in below 10 cents for a few hundred thousand.

    very speculative.

    cheers
    skippa
 
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