Current timeline:
- MRE update in June 23
- PEA in August 23
- Environmental studies in Q4 23 or Q1 24 (CG said approximately 6-8 months from now)
- DFS in Q1 2024
- Submission of development application in Q2 2024 (I am just guessing. It could be Q1 if all studies done on time.)
- Approval of development application in Q4 2024 (fast 6-month approval due to MoU with Minas Gerais state government)
- offtaking & financing & FID should start from Q2 2024 and complete in Q4 2024
- Construction starts in Q1 2025 and production is expected to begin in H2 2026 (based on Sigma's experience)
LRS is about 3 yrs behind Sigma, and Liontown is also 3 yrs behind Pilbara. Look at the market caps in those pairs, LRS should be valued at at least a quarter of Sigma in 2024 and a half in 2025. Huge potential from 350M here (note that Sigma's market cap will increase significantly, possibly to more than 10B, when it reaches 700ktpa production rate in 2025).
LRS General Discussion, page-10700
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $405.9M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.5¢ | $970.8K | 6.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 664861 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 165205 | 5 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |