Perhaps the start of monetising their existing resources to fund further exploration will be the catalyst for a rerating? The market clearly does not like frequent capital raisings and the prospect of another would weigh on the share price. I have wondered why LEX has not previously pursued the processing route given the proximity of gold plants. I look forward to further developments in relation to this.
LEX Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
