The Lassonde Curve has been touted by many as a realistic representation of the life stages of a junior mining company. The curve can sometimes be a roller coaster ride for company management.
Pierre Lassonde was one of the founders of Franco-Nevada, the first gold royalty company. Thirty years ago, he created his curve, that has now become a foundation in the junior mining business. The Lassonde Curve outlines the company life stages, beginning at exploration and ending at production. It shows the perceived value (i.e., stock value) that investors may assign at each life stage.
The stock price trend illustrated by the curve can, knowingly or unknowingly, impact on a company’s decision making process. So, in effect, there are some technical ramifications from it.
People may have differing opinions on what factors are driving the curve. Take a look at it and decide for yourself. Typically, people define the curve into four life stages, but I tend to view it in five stages.
Now, here are the highlights about Orezone Gold that you need to focus on – and that is about it!
IWA is a shareholder of Orezone Gold.
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