LRV

20.0%

12.0¢ larvotto resources limited

Ann: Lithium Targets in Larvottos WA Exploration Plans, page-80

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mhkforevermci

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03/02/22

01:19

Post #: 59316015
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Originally posted by wenty: ↑

for me the equation is pretty simple:

LRV is a $12mil MC company with $4.5mil cash for an EV of $7.5mil.

They have nearology to CNB’s recent copper discovery, which could potentially be one of the biggest Australian copper discoveries in recent times. LRV has historical trench results of 15m @ 6.6% Cu and 10m @ 5.6% Cu. Early exploration at LRV’s copper project underway.

They also have nearology to LTR’s Buldania Lithium deposit. As we know, lithium is the current market darling. Look at SHH for example: they mention lithium prospects next to Buldania and their SP increases 118% in one day, with their MC jumping up to $25mil. LRV’s land is closer to Buldania yet SHH MC is now double ours as a result of their lithium announcement (tells me LRV is flying under the radar). early lithium exploration currently underway.

It is tough to find a cheap lithium company at the moment, such is the bullishness of the sector.

I jumped into CHR at 21.5c when it first listed due to its lithium nearology to CXO, and it went past $1 the other day without even drilling a hole.

I jumped into A8G at 36c as a result of its lithium nearology to CXO, it ended up going passed 90c without drilling a hole.

I jumped into MRR at 3.5c as a result of it making lithium acquisitions, the SP doubled without them even drilling a hole.

LRV is a company with lithium and Mt Isa copper. It’s got plenty of cash to explore, and it’s only $12mil MC. If SHH can get to $25mil MC off their Buldania nearology, then given LRV is closer, LRV should be able to reach $25mil too (double the current SP). And that’s MINIMUM. That’s not factoring in our copper which is the most exciting project. CNB currently 20,000m RC drilling underway. They keep hitting amazing results then it should have a positive affect for us and others in the region.

LRV has two projects in the right places at the right time. The upside is huge for such a low MC and EV.

thats why I’m here

IMO

GLTAH

Expand

LRV's copper above CPM which is above CNB (and HMX)!

LRV's lithium closer to LTR than SHH!

LRV Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 12.0¢		Change 0.020(20.0%)		Mkt cap ! $30.09M

Open	High	Low	Value	Volume
10.0¢	13.5¢	10.0¢	$489.1K	4.006M

Buyers (Bids)

No.	Vol.	Price($)
1	10000	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	103000	3

View Market Depth

No.	Vol.	Price($)
2	68478	0.115
1	38513	0.110
2	55000	0.105
6	531976	0.100
1	50000	0.099

Price($)	Vol.	No.
0.125	103000	3
0.130	115833	1
0.135	493041	5
0.140	254346	6
0.150	60252	3

Last trade - 16.10pm 28/06/2024 (20 minute delay)

LRV (ASX) Chart

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