re: Ann: Exploration potential target 280-350......

re: Ann: Exploration potential target 280-350... fatstocks


Sometimes companies having these "potential" resources based on conceptual models using historic drill data and geological surveys have little movement in their share price until such time as they have JORC compliant estimates. CTP is a recent case in point, with SP languishing despite large potential on their extensive tenements. Even companies with large JORC resources still languish for various reasons. Look at CTO, BAR/FIS, LNC, LYC etc etc, and as they get closer to development, so this is reflected in the SP

LBY is a high risk/high reward long term investment imo, and what with UCG still a long way off from large scale commercial adoption, we are talking at least five years or so. Having said that, once the UCG sector proves its viability, it will gain it's own momentum and show those with faith some extremely healthy returns on their investments. Coupled with Carbon Capture technology and increasing movement towards carbon credits, there is a lot of potential for companies in this still emerging industry.