Lyon Lake Mines Ltd Message Board

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Gold/Mining/Energy : Lyon Lake Mines Ltd

LLL 245.17

-0.4%

Jun 28 5:00 PM EST

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To: Ceedee who wrote (454)	11/11/1998 10:42:00 AM
From: Claude Cormier	Read Replies (1) of 520

<<About Crucitas,why did Placer Dome got rid of this property,i've heard of environment consequences and possibly a National Park story involved... >> My understanding is that Placer Dome wants out of Costa Rica...for other reasons. LLL is in excellent terms with the gov there and know how to do business. As foo LLL moving higher on this 2.2M acquisition....I think the price is right. LLL and Palmer will merge. This will cause newco to have roughly 40M shares outstanding at a price near $0.60 for a market cap of C$24M....which is OK for their assets given current gold prices... I think LLL deserve between $0.30-$0.35...still a lot better than the $0.15 we had recently.

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