Remember rock chip samples are just at surface. Doesn't really...

Remember rock chip samples are just at surface. Doesn't really tell you a lot until you get the drill spinning deep into the earth, where the discoveries are made. 2001 tenement is the first one to be tested, and looks the most exciting considering LRV is to the south (which just recently had a strong rare earth discovery - sending its market cap to around $25million at one point even higher) and then you have LTR ($6.3B) just above us. So we are sandwiched in between two known discoveries, so you would think the odds of hitting something at similar grades and depth is in our favour. A lot better odds than some other micro exploration companies going around. Also L1M is currently at $8m market cap with $5.2m in the bank - the potential and upside is huge when you compare it to what its neighbours results have yielded. Only reason why L1M is still trading at these levels is because it still relatively unknown to the investment world, once drilling begins in early June, this will change. Good Luck and remember, fortune favours the brave.




Please note my comments are general in nature and should not be taken as providing financial advice.