A few things have changed since Dec: Bought worker's accomodation, lots of hiring, drilling, met tests etc. But the more notable changes are: Antimony has increased from 40k to 60k, adding about 111M to projected revenue (at 65% payable). Gold has increased around $700 AUD, adding a further 29M to projected revenue.
Projected costs haven't changed (to my knowledge) so since Dec, LRV's annual cashflow projection has increased roughly $140M. That increase in projected earnings alone is worth more than the entire M/Cap of LRV using a x3 multiple.
And the projections were already stellar in Dec.
LRV Price at posting:
86.5¢ Sentiment: Buy Disclosure: Held
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