If you are not mining, I am afraid you are an explorer (i.e. your company is generating zero revenue from getting rocks out of the ground). That’s not a bad thing per se, but 1B based on good drill results is overvalued considering the HUGE expenses needed to turn a project into a mine.
I like LRS, but it is due for a big correction still, plus lithium futures and China are looking pretty nasty lately. Will buy at a reasonable price in the next few months.
LRS General Discussion, page-13316
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $559.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.3¢ | $5.462M | 27.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 202667 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 6654078 | 37 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |