Ann: Successful outcome of legal proceedings, page-11

Its more than a possibility! congrats on your holding because the numbers speak for themselves here.
This has to be the most undervalued resource on the market. The following is just data from open source internet resources. To put the resource in perspective lets look at the take over of Sino Gas and Energy (ASX:SEH) from Lone Star

Lone star to Sino Gas and Energy (mid year) - something around 60c/GJ (AUD$530M)

ok so 1,000,000 GJ = 1 PG

LCK has:

"The gas junior is progressing toward its immediate objective of demonstrating gas flow from its 2,963.9 petajoules 2C resource, with a portion of the resource expected to be upgraded to a 2P reserve in the coming months."

Therefore, LCK has:
2,963.9 PG = 29,639,000,000 GJ

Lets be SUPER conservative and say its 30% under and go 2,000,000,000 GJ

Lets go EVEN MORE conservative and say LCK accepts a takeover at 20c/GJ (1/3 of the SEH price - Thats Low)

2,000,000,000 x 0.2 = $400M

todays market cap = $80.16

thats a 5 time increase on current share price at around $1 per share.... and thats SUPER SUPER CONSERVATIVE


I wont even post my non-conservative figures as people will think its BS... BS awesome!

p.s. $4 - $5 more likely

AIMO