LCL 0.00% 0.7¢ lcl resources limited

Ann: Miraflores type breccias intersected at depth, page-56

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    Agreed about preserving the cash in order to progress development. Of course a DFS needs reserves that require more drilling amongst other time consuming and expensive things (like consultants). At a time when we appear to be heading into a recession, if not worse, cash is king and so the less need to touch the market for that, the better. I am generally avoiding explorers at present for that reason but made an exception with LCL the other day in view of its extremely low resource valuation following the latest degradation in SP.
 
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