LEG 0.00% 1.2¢ legend mining limited

slow moving on high volumes, page-20

  1. 3,074 Posts.
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    Osheab,

    I don't know how long you have been dealing in gold shares but the fundamentals when compared to other stock screamed out "buy me". I got in to the options at 4.9c for just that reason. Where else could you buy a 70,000 oz per year producer for around $20M. If you know of one, please tell me! What LEG had was a resource of 500,000 oz, and a business plan to produce 70,000 oz per year and convert those resources to reserves. The previous owners had been operating the mine at a reasonable profit for a large company with a lot more overheads than a small operator like LEG. Drilling prospects were looking good! I posted earlier indicating that when compared to similar companies LEG was trading at about 40% of their value ($50-60M market cap). That was why I brought in.

 
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