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Havinag0

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11/09/24

20:58

Post #: 75635248
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Originally posted by pierre23: ↑

Finally, an adult I can converse with between all the children throwing tantrums.

Thanks for your post mate. You can see their MRE below, the measured and indicated is what needs to be taken note of. They've worked their PFS figures based on roughly ~560Koz AuEq (recovered) over the 7 year LoM.

I am in agreement with you in that their PFS is very healthy (albeit a 7yr LoM project is very small in the scheme of things, so hopefully this can be upgraded), and I'm sure the DFS once it's released will include an upgraded resource to the above (I believe that's the plan, anyway).

And yes SXG have an exploration target, not a defined resource, acknowledged in my last post. But that makes part of my point.

Let's forget about the size of the resource for a minute. Back to the point of my original post - comparing companies at two different stages of the cycle is redundant. I'm sure you're familiar with the Lassonde curve? It's that infographic that makes it's way around these forums. SXG are at speculation and discovery phase - their value will always be higher as people pile in. While LRV are coming into the strategic investment phase (we'd hope). So it's inaccurate to justify the same market cap as an explorer "just because" they're higher.

I'm not saying they cannot be valued that high eventually, but if it does get there, it won't be because it's 'catching up' to SXG.

IMO.

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You look more than stupid if you think everyone here cannot see you.

you are the child

LRV Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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$1 party, page-466

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$1 party, page-466

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