Agreed @fitnfam Also it is necessary to study the plant upgrade...

Agreed @fitnfam

Also it is necessary to study the plant upgrade and process upgrade and met work studies to get a proper handle on the value here.

I have noticed that Mithral MTH has relisted today at 20c (now up to ~30c) from pre-listing price of .002c - they have ~600 Moz Au equiv (mainly in silver) and now a M.Cap of ~$169 mil. --- which makes LRV at M.Cap of $29 mil crazy cheap. I won't say that Mith is overpriced at that figure, but I won't buy.

OK, so LRV is in the mine building orphan stage, but so close to completion that I reckon it should be multiples of cap by now. Here are some points.

1. Hillgrove resource 1.4 moz AuEq @ 6.1 g/t - and growing with world beating hits of high grade.
2. Advanced Mt Isa Cu/Au project on trend from MIM.
3. M.Cap $29 mill @11.5c (not counting oppies or rights)
4. Cash $2.7 mill (Last Q Report + $2 mil raise since)
5. Capital deal with Xcelsior underway for $8 mill for Off-take of antimony and market rights of gold.
6. Loan ( from Xcelsior ??) of $4 mill for advancement to Ore Reserve numbers and BFS.
7. Mine is in the New England Fold Belt of Eastern Australia - host to huge gold mines from NQ to Vic.
8. Antimony is an absolutely essential critical metal - read https://www.southerncrossgold.com.au/antimony - From another Aussie gold with Sb credits.
9. Huge progress already made and huge capital already committed to the start-up. ie.