Just a reminder why we are here. Also some people posting concerns about amount of shares on issue. Now consider this:
EV/Resource oz Au peer average is ~A$174oz EV/Resource oz AU LRC average is ~A$14oz (basen on a JORC of 1.1 M oz Equiv.)
Way, way, way under valued if we get expected JORC and thus I would expect a major re-rating. I suspect however that the water issue, if not sorted out will hold this back somewhat. I really hope the expected annoucement clarifies the way forward from here.
LRC Price at posting:
$1.88 Sentiment: None Disclosure: Held
