Lundin Gold Inc.

LUG-T

Analysis and Opinions about LUG-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 16, 2019
Mining for gold in Ecuador. Production expected this year. BHP and Newcrest have taken a stake in the area as well. It is a highly prospective area. There is still plenty of geopolitical risk. Taxes and royalty structures could change negatively.
Lundin Gold Inc. (LUG-T)
October 16, 2019
Mining for gold in Ecuador. Production expected this year. BHP and Newcrest have taken a stake in the area as well. It is a highly prospective area. There is still plenty of geopolitical risk. Taxes and royalty structures could change negatively.
Joe Mazumdar
Editor & Analyst, Exploration Insights
Price
$7.100
Owned
No
COMMENT
COMMENT
July 26, 2016

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.

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.

Jon Case
Portfolio Manager, Sentry Investments
Price
$5.440
Owned
Unknown
DON'T BUY
DON'T BUY
March 4, 2015

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.

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.

Brent Cook
Exploration Analyst & Geologist, Exploration Insights
Price
$3.980
Owned
Unknown
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