Noticed the market capitalisation of LRS is now towards 1Billion based on a MRE of 30Mt. They are likely to be years away from production in Brazil.
Even if we can get together an initial resource estimate of 10Mt, the turnaround story here could carry a whole lot of upside. Pleased that they have put much of the focus on Enterprise and hopefully will yield a mining resource there in the weeks ahead. Have been vocal re. drilling Soo shallow and vertical holes right next to Blackbeard knowing CXO went with 65degree dips. Costly lessons learnt. Now backing them to move forward with a more aggressive drilling program giving the best chance to define a resource at Bynoe.
Next set of updates can't be far away now. GLTA holding
Noticed the market capitalisation of LRS is now towards 1Billion...
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Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.567M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 20000 | 1 |
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| Last trade - 09.59am 01/08/2025 (20 minute delay) ? |
| CHR (ASX) Chart |
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