LRD has five very prospective tenements.Its MC is $7.3 mill with...

LRD has five very prospective tenements.

Its MC is $7.3 mill with over $$3 mill cash
That means an EV of just over $4 mill.

This is ground zero, as shells often have similar EVs

If drill results come back showing a sniff of real potential for an economic deposit on Horse Rocks alone,
this will be many many multiples of current MC.

This is why getting hard fought/desirable tenements can play out well, nearology to MIN etc. just gives the locational advantage that all explorers seek.

It doesnt guarantee hits, and this price currently has not got any lithium fever built in.

it will start to get interest if anyone senses that are drilling into a lucrative pocket $$.