Yep - just keep in mind it's a CEO's job to be optimistic and upbeat.
FYI, here is a table showing some basic comparisons of JORC tonnage and NPV against market cap. It shows that the market attributes $7.29m of market cap for every MT of JORC tonnage (for LRS). We also currently trade at just over 14% of our $3.6bn NPV (seems incredibly low given we look very likely to be a Tier 1 deposit that will produce 2 years from now).
Producers like CXO and Sigma and near term producers like LTR have their spod valued at approx 2-3x what ours is (which theoretically leaves room for 200-300% market cap gains for LRS over the coming 12 months - assuming we hit timelines and assuming the world doesn't fall of a cliff and spot prices stabilise etc.
WR1 has the lowest valued spod (although it's probably because they didn't bother to report a JORC until now - currently in TH with JORC today or Monday).
Some explanatory notes: GL1's study shows $2.8bn NPV but was based on a $2,500 spod price. Within this study it suggests the NPV moves to $1.8bn if spod prices move 20% lower (which they have), so I record GL1 at $1.8bn NPV, AZS market cap is recorded on a 100% ownership basis.
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- Ann: Significant increase to JORC Resource at Salinas
Ann: Significant increase to JORC Resource at Salinas, page-157
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $531.8M |
Open | High | Low | Value | Volume |
18.5¢ | 19.5¢ | 18.0¢ | $20.64M | 109.5M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1620717 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 11183510 | 74 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1518233 | 0.190 |
19 | 3246490 | 0.185 |
25 | 4451997 | 0.180 |
32 | 5991103 | 0.175 |
24 | 1868478 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 9605300 | 61 |
0.200 | 4273976 | 58 |
0.205 | 341458 | 6 |
0.210 | 1069881 | 18 |
0.215 | 284003 | 5 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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