Good to see the share price recovering and I am confident we will breach 10c / 15c on the back of good Tesorito drill results...
Doing a bit of maths the NPV of Miraflores must be well above US$150m at the current gold price. Most gold development companies are trading at 0.4x NPV which implies a market cap for Los Cerros of US$60m (AUD83m) vs. the current Los Cerros market cap of $27m.
My share price target on LCL short term is 25c ie. 0.4x NPV for Miraflores Project NPV, and you get Tesorito and Chuscal thrown in for free.
NPV at Miraflores should increase substantially if they can increase reserves/resources to 1m oz+.
This is a deep value play and one of the best I have ever seen in my career given the combination of an existing gold deposit and exploration upside.
I don't plan to take profit until we hit my initial share price target of 25c.
Good to see the share price recovering and I am confident we...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.684M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $21.01K | 2.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1024946 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2691547 | 9 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| LCL (ASX) Chart |