LRV will be in production in 2025 and will substantially increase its resources of antimony and gold to extend its minelife beyond 7 years and could potentially upscale its plant from 500k tpa at some future date based on project economics.
Importantly, LRV has cash at bank and is accelerating its DFS and works program to commission HILLGROVE.
Drilling and assays results are expected shortly.
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LRV is substantially undervalued versus its peers in PPTA and SXG and both are 4-5 years away from production and both are essentially gold miners / explorers.
PPTA is trading at ~ 8.3x LRV and SXG is trading at ~ 4.5x LRV.
Common denominator is that PPTA is TSX listed and SXG is subject to an all scrip merger with MAWSON that is TSX listed and plans to rename itself SXG and dual list on ASX.
Canadian miners under and funds are very active in the Australian mining sector, this includes ownership of the COSTERFIELD, Australia's only operating antimony mine with ~ 2,000 tpa and declining reserves.
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Hopefully, we see a rebound by LRV this week with some solid news on drilling and assays and insight on plans for 2025 to deliver HILLGROVE and its enormous potential.
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AIMHO/DYOR/GLTAH.
LRV Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
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