If you look at all of LEX's assets it is very cheap at the current market cap of approx. $20 million - they have 2 attractive gold resources (ignoring Burns, which is polymetallic and lower grade). They also have a Ni sulphide resource which IMO one day will come back into vogue. LEX has always been low key with little fanfare or investor interest. IMO the risk versus reward is excellent and I await a re-rating at some stage.
GLTA & DYOR
LEX Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
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