When you look at Miles' other projects, LOM does look a tad undervalued, or maybe the other projects overvalued. If that IS the case with LOM, the key reason is lack of communication and a lethargic flow of results. I mean we haven't learnt anything of significance since December, apart from the results of BLK2, which weren't expected to be highly diamondiferous anyway.
People are losing patience, which is causing them to think the worst. But the fact hasn't changed that Lulo is a highly prospective concession, we just need to finally find out what's there!
LOM Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
