Folks!
Be patient! LGL is a 18 million ounce resource with production headed towards 1Moz/annum. Grades are good and production costs towards the low end despite mining in a caldera. Gold has just been pulling back the moving averages into bullish alignment. So LGL has responded in complete acordance with the AMEX gold bugs index, which it virtually replicates. There is massive support at A$2.85 - A$2.90. Any price around this area is about as low as it gets. For those who have faith in gold and not pretty debauched Government paper backed by nothing whatoseverand with inflation in double digits, gold LGL will have its day and its not far off! Try August? For those of us whgo can remember 1980 thinks are looking remarkably similar.
Add to My Watchlist
What is My Watchlist?
