Don't forget that LGM actually have 23M oz of silver in...

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dallascowboys

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18/05/24

06:02

Post #: 73889094
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Originally posted by Wack: ↑

Morning all.
I was trying to add to my holdings here but the market kept moving on me.
I will just have to be content with what I have.
This is my highest conviction exploration play and I would take more risk than on other holdings I have.

Just wanted to point out how the over night activity could paint a very different picture if we have success in any of our many choice projects.
Keep in mind that the market is still open but very buoyant up to now.

That Red line is the $30 BO line that we should now see as the support line.
That is very bullish.

Here we have Gold again breaking into new highs with gusto.

I can't help but to think of what a decent hit will do to the SP and given the possibility of the silver content, how that may play out.
Fingers crossed again here but not long now before we get Black Range results and then closely followed by Bauloora.
Even though I have high confidence here, be mindful that we do get it wrong most times in exploration so calculate risk accordingly.

Kind regards, Wack.

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Don't forget that LGM actually have 23M oz of silver in resources at Drake, which the market doesn't seem to be pricing into our MC yet. Now that silver has broken out, I suspect it to be a pretty quick ride up to $40 from
here. Further work to consolidate the remaining resources at the old Mt Carrington workings, coupled with some nice hits at Bauloora/Black Range should see a solid re-rating for LGM. Best of luck all, I think we could be onto a real winner here!

LGM Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
11 Upvote

4 Great analysis

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