LCL look to be stuck with approvals for the second larger resource area. The socialist President will keep things stalled and increase poverty for the foreseeable future.
Getting the Chinese involved could be what is needed as they will do whatever it takes.
Or we can hope Colombia gets a Milei at the next election.
Potentially a 1000 bagger but with plenty of risk from Sovereign risk No director apatite to transition from lifestyle company to a producer. Director abuse of the share registry will bonus shares. Directors selling the resource for nothing to rape performance bonuses.
The resource it self look outstanding, especially the open pit strip ratio and pit profile with the laid back batters. Any idiot could mine that resource and kill it.
And it makes the cut on what produces a profitable mine (no matter how badly you mine the resource you still make massive profits because the resource is so good you cant mess it up) ie BHP RIO FMG
LCL Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
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