If you "do the Math" based on a River diversion resource grade 20ct/m3.
volume approx 700m long 300m wide 2.5m deep..
But say 500L x 100W x 2m Deep x 20ct/m3 x $1500/ct = $3,000,000,000
An estimated $3B added alluvial resource value just from that river diversion.
IMO that diversion project and consequent grade , warranted an update report to shareholders , being it is a significantly material detail.
Why management left shareholder to languish in dark uncertainties, while holding back this info, IMO causing the sell down to all time low, is anyone's guess.
There was definite advantage to insiders with knowledge of the 20ct/m3 river flats resource
But for those of us, having taken the blind risk to average down, LOM's future now looks much brighter.
LOM Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
