I'll put this post up on both LRV and BMR - a very interesting comparison and an exercise for spec investors going forward.
Both hunting gold - with Cu credits (BMR) and Indium credits (LVR)
Both in the New England mineral region in Eastern Australia, although it is common to differentiate the NSW part (LVR)
Both with excellent additional projects in Australia.
Market Cap BMR $24mil ............ LVR $25mill
Cash ...........BMR $ 2.1mil ...........LVR $2.0mil.
Pre launch capital BMR $7.5mil (royalty) LVR $8,0 mil (off-take)
Total Cash BMR $9.6mil ............LVR $10.0mil
Like peas in a pod, eh?
Now yesterday's anns:- BMR "Dittmer Stage 4 drilling delivers 193 g/t Au" .... LVR "5.3m @ 220g/t from 245.0m and"
??? going forward. - Just checked about 55k on each.
GL, happy GOLD, not advice, DYOR.
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