General Discussion, page-5131

I don’t own LLL but have been looking into it to try and understand it’s current market cap.

Am I right in saying 40% ownership so therefore (very simplistic
I know) - LLL essentially has a 56.9MT MRE for the current $784m mkt cap with production due mid next year?

to me this seems a bit cheap compared to some other peers like CXO with a much smaller MRE.

Whats the reason for the discount on the market cap?

Operating in Africa?
Lack of full ownership?
Doubts about making production dates?