2 Mil ounces won't eclipse TSO by a long way, they have barely started drilling really and they have already pegged triple the leasehold they originally had as the deposit there looks so big.
But LCL will have a lot more than 2 mil ounces too IMO.
There is no point making a contest out of it. To compare the two companies even tentatively is quite a complex thing. It would require a long technical breakdown and even that would be so speculative at this early stage as to be nearly worthless. Suffice to say both are large commercial discoveries
Both seem huge but are yet to be anywhere near defined.
Some investors are shy of Chile as they have a faint memory of a President who would drop anyone against him into the sea or volcanos from military helicopters. The same investors will be even shyer of Columbia and more recent memories of leftist separatists and Pablo Escobar.
Both of these stocks won't attract everyone but they will attract enough investors with the vast quantities of gold being drilled up that there is plenty of room in the market for LCL, TSO and a few other Goldies in Central/South America no doubt....
LCL is having the rerate that was long overdue. TSO moved earlier but is still vastly undervalued aswell.
Beware of FOMO especially after todays gains, I wouldn't even consider selling good stocks to buy other perhaps better stocks, ever. Thats FOMO in play and it often leads to panic decisions and losses.
I sell things that are crap, that are never moving, that if I am honest with myself are mistakes and may never move or not for months or years... thats where I would free money up to buy something like LCL or TSO for that matter.
Good luck finding an entry and as old Lance Corporeal Jones used to say on "Dads Army" (for those old enough to remember) Don't Panic!! Ha ha!
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Mkt cap ! $9.648M |
Open | High | Low | Value | Volume |
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6 | 3458847 | 0.009 |
14 | 7110676 | 0.008 |
7 | 4128560 | 0.007 |
10 | 5879998 | 0.006 |
4 | 645080 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1249999 | 2 |
0.011 | 4885757 | 3 |
0.012 | 406020 | 3 |
0.013 | 772333 | 3 |
0.014 | 965428 | 3 |
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