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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Weekly 52-Week Low (or 52-Week High): BDT-T, BN-T, YES-X, SPB-T and More 52-Week Highs and Lows (Oct 09-15)Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).A gold developer in Ecuador. Their project is 7 million ounces, 8-9 g per ton, so a very high grade underground development. It appears that they have the backing of the government to go ahead now, and there is nothing you can find bad with the assets. Where he struggles to find value is that they are developing an asset in a country that doesn’t have much modern mining in an area that is relatively infrastructure poor. There is going to be a period where they are spending capital for 2-3 years, which tends to be a time when gold stocks don’t do much. It is 17% IRR. There are other gold developers he would be looking at, giving a better rate of return.
Ecuador is becoming more mining friendly, but he is suspicious and it seems the government is reactionary and he does not trust what they are doing. He is leery about putting his money into this country.
Lundin Gold Inc. is a Canadian stock, trading under the symbol LUG-T on the Toronto Stock Exchange (LUG-CT). It is usually referred to as TSX:LUG or LUG-T
In the last year, there was no coverage of Lundin Gold Inc. published on Stockchase.
Lundin Gold Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Lundin Gold Inc..
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0 stock analysts on Stockchase covered Lundin Gold Inc. In the last year. It is a trending stock that is worth watching.
On 2024-11-08, Lundin Gold Inc. (LUG-T) stock closed at a price of $32.67.