10:40:10 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Lundin Gold Inc
Symbol LUG
Shares Issued 118,748,003
Close 2017-04-11 C$ 6.10
Market Cap C$ 724,362,818
Recent Sedar Documents

Int'l Speculator says buy Lundin Gold

2017-04-12 01:46 ET - In the News

The International Speculator, in its March 22, 2017, issue, says buy Lundin Gold Inc. at $5.61. This is the newsletter's first buy of the Ecuador-focused gold miner. The Speculator has close and supportive ties with the Lundin family, noting that Lundin Gold promoter Lukas Lundin is "one of our Explorers' League honorees. ... It's almost enough just to say that this is a Lundin play." After gushing about the "legendary" family, the writer says that Lundin Gold is building what he calls the world-class, fully permitted Fruta del Norte (FDN) gold mine. He compares FDN favourably with Pretium's Valley of the Kings, adding that if FDN were in Canada instead of Ecuador, Lundin Gold shares would probably be trading at twice their current prices. He adds that if Ecuador remains stable and Lundin Gold remains unmolested by the government, there is takeover potential in this play. Among the potential pitfalls, he notes that failure to raise the money needed to build FDN is a risk, but one that can be controlled. The biggest risk, he adds, is whether Ecuador will continue with its pro-mining stance. The writer is confident that management will push the project to what he calls the Golden Runway and hand investors a big win.

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