LAF lafayette mining limited

It's early days so I'm not too concerned with the production...

  1. 9,046 Posts.
    It's early days so I'm not too concerned with the production figures. What I found interesting is their current hedge position (better than I thought) and their debt position (worse than I thought). Given that metals are bouyant and look to stay reasonably high (certainly far higher than their hedge contracts) than in my mind this could still be a little ripper if drilling successfully adds some substantial resources. Even with current resources and expected production...approx three years (maybe a little less) - and we have a serious money maker...I will have some SPP thank you...
 
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Currently unlisted public company.

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