Totally agree with the underlying commodity making or breaking the stock and for the record, a dollar per share would be ok with me. It's all about perspective with an enterprise value of around A$26 million. Having started production in Peru with a planned output of 250kt per annum at today's prices is likely to generate around A$20 million free cashflow, a 43% holding in ASX LEL, a little under A$10 million in the bank PE possibly going into production early next year makes it an exceptionally low risk, very high reward as i type.
SRK Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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