Ann: Special presentation results of Tesorito hole no. 8, page-67

It's always tempting to take a 100%+ profit.

However I think LCL is worth at least $100 million based on current results which is about 27.5 CPS.

If they hit a good intercept with hole 9, then I think its worth over 30 cents.

For this reason I'm not selling a cracker yet, and I expect it will go a little higher either late today or early next week.

I don't see why they would need to raise money as they raised A$3.5M just 2 months ago for the purposes of this current drilling campaign. So fully funded for some time to come.

Traders will always take profits, but agree with a few here that there is a very long way to go and there is so much drilling that every good result will help the case for this being multiples of the current SP in the next few months. I reckon 50 cents by X-mas without too many issues.