Added to YB: 2024-08-08
Pitch date: 2024-08-07
LVG.V [bullish]
Lake Victoria Gold Ltd.
+2.7%
current return
Author Info
No bio for this author
Company Info
Lake Victoria Gold Ltd., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Tanzania.
Market Cap
CAD 20.3M
Pitch Price
CAD 0.18
Price Target
0.45 (+137%)
Dividend
N/A
EV/EBITDA
-5.75
P/E
-4.68
EV/Sales
N/A
Sector
Metals and Mining
Category
special_situation
Lake Victoria Gold – Mining License Renewal – Long Runway Ahead
LVG.V: Imwelo Mining License conditionally approved for 10yr renewal. Tax Clearance Certificate received, final step for license transfer. Triggers TAIFA's 2nd investment tranche. $0.45 PT (137% upside). Valued at 0.3x NAV, 8% discount rate. Catalysts: Imwelo acquisition close (Q3/24), M&A, drill results, development milestones. $563K convertible debenture raised (12%, 24mo, $0.18 convert).
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