I've trawled through the gold stocks the last few weeks and this new producer keeps popping up as one of the best buys.....
gold mining in Laos....Oxiana neighbour..
final bfs results due to be released in march for second mine....
will be producing copper concentrate also....
huge silver drilling results***
production increasing....
cash costs US$200/0z.....(current price US$558/oz)
= US$358/oz profit!!!!!!!
$192m market cap...
754m shares on issue....
yearly high 34.5 cents...low 16 cents
current price 27 cents......
the Laos government are expected to take a 10% stake so this will be looked after by them!
@ 27 cents its undervalued!
unhedged cheap producer....
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