$1 party, page-26

That's true Andy.
What I have learnt over my many years is which stocks are pumps and dumps versus stocks that are investable.

The further away a stock is from being a producer, 9 times out of 10 its a pump and dump only trade. Why? Because that is all they can do, they have no intrinsic value and they rise and fall by the drill bit and their cap raise cycle.

The years it takes to prove up a JORC resource, the endless cap raises required to keep the lights on, the stories those managements will tell is all just a farce in most cases, then the years it takes to do feasibility , met studies and permitting is endless. If those stocks even gets to FID stage, then its another sh it show trying to obtain project financing which would cost several hundred million to some cases billion dollar Capex at great dilution to holders in most cases.

One has to ask, who in the world would want to go for a decade long ride to no where 9 times out of 10 with those pump and dump schemes ?

Now here we have LRV with great tangible assets - which is currently Australia's largest Antimony JORC Resource with plenty of Gold , owning the Hillgrove existing Mine with its Plant and Infrastructure that's cost $200m+ investment all already built up ready for minor upgrades and tighten some bolts to restart mining to produce Antimony and Gold Concentrate by 2026.

Peer comparison with SXG - Southern Cross Gold market cap is $550m+ with no JORC resource, no demonstratable pathway to production, endless cap raises from now till who knows when.

I know which one I would choose.

LRV market cap of just $120m is below its tangible assets and JORC deposit project NPV of circa $500m