LRV

4.93%

67.5¢ larvotto resources limited

Extremely Undervalued - Rerate coming, page-3

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Evergrayeful

840 Posts.

538

20/08/24

16:00

Post #: 75288838
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Originally posted by JamesPatros: ↑

The discrepancy in valuation between LRV and SXG cannot be understated

According to the Managing Director of LRV, SXG currently has a market capitalization of $500 million. They have successfully raised $150 million for exploration purposes. SXG's exploration target of 4 million tons at 7 grams per ton is equivalent to LRV's existing resource.

Essentially, SXG is trying to find what LRV already has, in addition to LRV’s existing processing facilities and other infrastructure.

After the stellar run LRV has recently had, LRV is still currently valued at a tiny $69 million.

There remains significant potential for the company to reach its fair value.

The funds raised by SXG for exploration purposes—aimed at discovering a resource that is the same size that LRV already has—exceed the cost required to bring LRV into production.

Additionally, it has been noted that brokers have recently begun to fully appreciate the value of LRV, having not fully understood the project previously, which is the reason for the rapid increase in share price over a short period of time. I suspect this will continue over the coming weeks.

Regarding offtake agreements, Wogen Xcelsior, an LME metal trading company, is providing a prepayment for the antimony.
https://www.larvottoresources.com/wp-content/uploads/2024/03/61199221.pdf

The Director also highlighted substantial interest in the gold part of the offtake, noting that a prominent and aggressive group of investors, well-known in the industry, are leading efforts to secure the gold offtake agreement. This is expected to add more money into the company coffers, as they all present their offers to obtain the gold offtake. I would expect news to come from this soon.

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I am on board with this @JamesPatros. I spent far too much time thinking about it buying and your comment was just prefect to press the BUY button!

Thank you!

LRV Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last 67.5¢		Change -0.035(4.93%)		Mkt cap ! $216.2M

Open	High	Low	Value	Volume
67.5¢	70.5¢	66.5¢	$2.180M	3.204M

Buyers (Bids)

No.	Vol.	Price($)
2	59995	67.5¢

Sellers (Offers)

Price($)	Vol.	No.
68.0¢	7616	1

View Market Depth

No.	Vol.	Price($)
2	59995	0.675
3	26398	0.670
5	43810	0.665
10	59906	0.660
4	128143	0.655

Price($)	Vol.	No.
0.680	7616	1
0.700	39735	4
0.705	29927	3
0.710	30215	2
0.715	15510	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

LRV (ASX) Chart

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