As everyone is trying to work out value including myself I have come across reports that every 10Mt of resource that has a clear pathway to production equates to $150-$300m of approximate development value.
That would out LRS at approximately $675M to $1,350M with current resource.
Currently we are sitting at $824m which is towards the lower end of the equation and doesnt take in any further upgrades that are more than likey to come forward and nor does it take into account any of the other assets that LRS currently hold.
Still believe considerable value is going to gained in the coming weeks and months with incoming news and lithium district corridor that has been discovered.
Happy Sunday everyone.
LRS General Discussion, page-11835
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $532.2M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.0¢ | $2.403M | 12.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 426200 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 953934 | 9 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LRS (ASX) Chart |