Gimpoo,
I don't consider a reserves comparison with MRE particularly relevant. MRE's valuation is very much constrained by it's near growthless production profile. It could have a trillion tonnes of reserves and I would not value it an extra cent.
In contrast LIM is growing it's production quite rapidly. I weight my value assessment much more on nearterm production than on reserves.
What is really dissapointing about the "premium" for LIM is that it ignores that LIM's sp is on a strong upward trend, and imho was due to most likely cross the bid price in the next quarter, hence...what premuim?
EL
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lionore mining international limited.
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