LRV 14.3% 44.0¢ larvotto resources limited

Ann: High Grade Gold Results at Hillgrove, page-36

  1. 2,520 Posts.
    lightbulb Created with Sketch. 1111
    Yeah it's a good pickup and one that the company has also called out - I'd imagine there's ~8m true width there.

    However, the benefit that they have is that there's already declines down in this old mine and they have the kit that needs a bit of dollar and a bit of oil to get it spinning again. With that in mind, this hit along the vein carries value, and I think 10.5c positions them well to continue to grow. I've seen plenty of other companies (BML if I badmouth one) that would repeatedly aim along a vein next to historical hits to get the good news flow.

    Next steps here will show the mettle of the management, but I'm on board because I believe they've got it and they have a great potential ahead of them. Today derisked my ownership here, and I'm hopeful that as they progress the next stages we'll move up into the teens and towards the twenties.

    Stick around midnight, if you fancy, as all facts are facts to be shared
 
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