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1.1¢ lcl resources limited

Valuation, page-158

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Frazer123

1,380 Posts.

34

03/03/19

08:57

Post #: 37633727
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Originally posted by Mundo122 ↑

Originally posted by Green Bull
That's a great announcement today actually and one that I've been sweating on for a while as I'm sure a few have too.

$3m payment is a lot of money for a Company that's currently valued at $2m.

The $3m payment though reminds us how undervalued MNC is as the Quinchia project acquisition cost was (from top of my head) $7m plus another $7m in royalties.

So bare minimum that the project was worth at time of purchase was $14m with obviously plenty of additional money sunk into the ground in exploration since then.

Makes you wonder about the current $2m market cap and the potential upside once some money comes in for Chuscal drilling and hopefully bigger CR's down the track at higher prices assuming everything goes to plan.

Current ~3Moz + likely minimum another 3Moz from Chuscal alone to come.

$2m market cap.

Cheers,

GB.

View attachment 1447153
Well this was a massive fail prediction by the bull. Lost the heart too, and rightfully so

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What's the heart for a anyway?

MNC Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 1.1¢		Change -0.001(8.33%)		Mkt cap ! $11.57M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$1.1K	100K

Buyers (Bids)

No.	Vol.	Price($)
2	1176215	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	551952	3

View Market Depth

No.	Vol.	Price($)
2	1176216	0.011
4	1084530	0.010
4	1044580	0.009
8	3216966	0.008
9	3770131	0.007

Price($)	Vol.	No.
0.011	100000	1
0.012	551952	3
0.013	500000	1
0.014	2465428	4
0.015	895868	3

Last trade - 10.04am 13/09/2024 (20 minute delay)

LCL (ASX) Chart