The recent recovery of the Iron ore price makes the Guado andusalite/ magnetite project a lot more commercial
Hopefully we will see either a JV or sale of this asset at a higher price than the current market cap as a result
I believe LRS has spent more than $10m US to get the asset to the JORC stage
When iron ore was $100 and this JORC was announced the LRS share price was 40 cents and the market cap was $50m now it is 0.6/.7 or $6m
Guado - Iron Ore
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $405.9M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 14.3¢ | $898.0K | 6.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 134201 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 600339 | 12 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |