Colster, if you believe most of the pundits we'll be looking at a gold price of $US730 minimum this year and many think by the end of the Northern Spring, which is April. I reckon if it can recapture $US730 then it can go higher, maybe $US775? If LHG is in a reduced cost regime and manages to get its production costs down $50 and gold rises $100 we have a net benefit of $150 multiplied by 800k ounces equals $120m. IMHO, this is the cream that drives our theoretical $4.50 base price per share. All of this can easily happen within 6 months to a year.
By the way, I've just liquidated my position. I'll be back in again shortly, no doubt. I'm a speculator; not an investor. Good Luck!!!
LHG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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