I can understand why people are cautious of putting capital into Africa (not saying people shouldn’t invest in LLL - just making a general statement).
However on the flip side, if LLL is so close to production and a lot of the derisking has already occurred in terms of drilling, financing and technical studies, I’m confused why it’s valued so cheaply (even allowing for the discounted ownership %).
Keep in mind I’ve never kept up on the details of LLL and only just started reading up - so I’m a total rookie when it comes to LLL.
LLL Price at posting:
65.5¢ Sentiment: None Disclosure: Not Held
(20min delay)