LRV 20.0% 12.0¢ larvotto resources limited

Hello Wack!Apologies if this is a bit of a silly question but...

  1. 16 Posts.
    lightbulb Created with Sketch. 1
    Hello Wack!

    Apologies if this is a bit of a silly question but I'd love to pick your brain about the Hillgrove Project if you have the time.

    I did the most basic of calculations last night, where I simply timed the ounce estimate by the spot gold price.

    That figure came out to roughly $4 billion (1.4 mil ounces x $3.3k AUD spot gold).

    I'm certain that my calculation is far, far too reductive to be applied but regardless, I can't seem to figure out how a company sitting on a deposit THAT BIG is still only hovering around a $15-20 million MC - do you have any insight into that?

    I get this feeling that this stock will absolutely explode but I can't seem to identify what will trigger that.

    For example, your mention of VG is super exciting but I can't figure out why VG would matter when there's already a resource estimate - do you have any information on that as well?

    Thanks again, and sorry for the super dumb questions haha
 
watchlist Created with Sketch. Add LRV (ASX) to my watchlist
(20min delay)
Last
12.0¢
Change
0.020(20.0%)
Mkt cap ! $30.09M
Open High Low Value Volume
10.0¢ 13.5¢ 10.0¢ $489.1K 4.006M

Buyers (Bids)

No. Vol. Price($)
1 10000 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 103000 3
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LRV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.