ADN is roughly 2 years ahead and built on many more years of work before that. But if all the assumptions which ADN's PFS are based on etc are correct/confirmed etc and LRS's scoping study and PFS is just as positive, I expect LRS reaching 25c as only a matter of time. Timing obviously depends on a number of things, but my target is for early next year. I am mainly banking on LRS management to build off the path ADN paved. Not sure if this is overly optimistic time wise, but certainly price wise getting more and more realistic as the days pass. I also have a target of another 10c SP growth associated with LRS's other projects, most notably our Argentina Lithium JV. This could be realised before the end of year.
Hopefully I am not far off the mark, as I am in it for the long haul and very heavily loaded up on LRS/LRSOC.
DYOR
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30 | 1700015 | 0.145 |
32 | 2712616 | 0.140 |
13 | 1092428 | 0.135 |
9 | 859000 | 0.130 |
Price($) | Vol. | No. |
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0.160 | 1834320 | 18 |
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