Astronomical numbers for Lexington Gold
“…this is very exciting. This is a very significant JORC resource and as a Company a major step forward…”
It’s always wise to examine the credentials of the chief executive of a company prior to becoming a shareholder so you know who is the custodian of the cash.
In Lexington Gold’s case it is Dr Bernard Olivier an academic who specialises in economic geology which is the discipline that evaluates the costs and benefits of mining natural resources in terms of their recovery value and availability.
He’s been doing that on projects across the globe for decades. He’s also got form for proving up assets and returning cash to shareholders as he and his team did with a gold prospect in the Philippines when it was sold to OceanaGold for a not inconsiderable sum.
Olivier’s not averse to a takeover and says “If ever there is an approach, we will certainly take it …