When you have the companies largest shareholder (Lion) making a staement like this then you can see why LAF is now in accumulation mode.
Picked up of the LAF thread :
"In regards to the hedging position, there remains a substantial amount of mining ore reserves that are not hedged and remain leveraged to the spot markets. This along with the recent exploration announcements are encouraging signs of potential upside that remains with Lafayette." end....
Supported by the MD's boardroom radio comment that the mine extension is already displaying the same geology of the existing ore body.
The unhedged aspect of LAF, the positive effect of the current design changes to load out and processing and mill reline should not be underestimated.
Interesting (positive) times ahead indeed IMO.
LAF Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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