LGM 1.75% 29.0¢ legacy minerals holdings limited

Morning all.I have heard of a stock through the years that have...

  1. 4,203 Posts.
    lightbulb Created with Sketch. 6349
    Morning all.
    I have heard of a stock through the years that have had a visit from some of the best posters I have known here.
    I mean after all where can you buy 1.84m oz for under ~$12m?
    You can't when the capital structure has been so distorted and left un attractive.

    So why bring it up?
    Well, when I draw any comparisons to LGM I still take my hat off to these guys keeping a nice simple structure and 100% owned and or
    JV's with reputable entities with very favourable conditions.
    We are at very early stages in all these projects but the signs so far are attractive to say the least.

    I thought I would put a few pics of what comparisons we can make.
    This is our idea of the controls with the same host in the core as the rock chips at surface.
    Knowing what the grade is in the chips may suggest that the similar looking material in the core may be mineralised like the chip. Fingers crossed but we only have a couple of weeks left to confirm that.
    Now note the commentary on the geological description.

    https://hotcopper.com.au/data/attachments/6252/6252337-88e317d635cdd3b50299bcc1b8acfed6.jpg
    This is another project in QLD and note the geological description but give a little more attention to widths and grades in the pics further below.

    https://hotcopper.com.au/data/attachments/6252/6252344-96cadace1e7028917610949f2e90060c.jpg

    The grades are pretty mouth watering so let's hope we see the same here but the indications to date are very compelling.

    https://hotcopper.com.au/data/attachments/6252/6252349-8edcf78dbf973f99be52ee7c60859223.jpg

    With a bit of drilling and time to put together a resource, this is what it can look like below.


    https://hotcopper.com.au/data/attachments/6252/6252350-7ef0457eae3095ce185ee77ac3e7bcbc.jpg

    So what do we have that they don't?
    Multiple projects with large potential, clean corporate and capital structure with very low SOI.
    JV's that fund exploration and geological signatures that are keeping some real interest here.

    Still haven't found the goods though.

    Let me add that Black Range has a larger surface expression than what was found at McPhillamys.

    So what does McPhillamys look like now?


    https://hotcopper.com.au/data/attachments/6252/6252358-468fd21779658da5c480a992b7b927d2.jpg

    The neighbourhood looks pretty decent in our neck of the woods too.
    https://hotcopper.com.au/data/attachments/6252/6252356-16fc8ba55ad3700a26d02ae0cc23d2a1.jpg
    Food for thought while we await our coming assays.
    We may be lucky and hit the goods early but at the very least, we begin to zero in on the target zone.

    Kind regards, Wack.
 
watchlist Created with Sketch. Add LGM (ASX) to my watchlist
(20min delay)
Last
29.0¢
Change
0.005(1.75%)
Mkt cap ! $30.58M
Open High Low Value Volume
29.5¢ 29.5¢ 28.5¢ $30.36K 103.1K

Buyers (Bids)

No. Vol. Price($)
1 2900 28.5¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 31316 2
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
LGM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.