I've been chipping away at a spreadsheet for a little while now. Here is a section showing a comparison between LRS, A11 and WC8.
Things that stand out:
- A11 has an horrific corporate and project ownership structure - the government is all over their asset trying to get every part of it.
- LRS just poached Aaron Maurer from A11 (to act as COO)
- LRS has all the options with no offtakes yet given away and we own 100% of the project.
- LRS is trading at a tiny 17% of it's PEA NPV whereas A11 trades at 44% of it's DFS NPV.
- WC8 is hard to evaluate given it still hasn't released a JORC. I've assumed 120MT @ 1% for the purposes of getting a few calcs done. They already have a mining lease which will increase speed to production by an unknown timeframe.
Given the expected significant increase in tonnage for the LRS DFS, I think that when you consider current market caps, and path to production, I think LRS justifies itself as the best buy (obviously not advice).
LRS General Discussion, page-16974
-
-
- There are more pages in this discussion • 1,424 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRS (ASX) to my watchlist
|
|||||
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.5¢ | $3.506M | 20.69M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170000 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 1113801 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 898331 | 0.165 |
26 | 1460255 | 0.160 |
22 | 1027199 | 0.155 |
47 | 2975655 | 0.150 |
15 | 1203293 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 1110854 | 12 |
0.180 | 1103673 | 12 |
0.185 | 957474 | 14 |
0.190 | 333132 | 11 |
0.195 | 524626 | 12 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |