LCL 11.1% 0.8¢ lcl resources limited

Just as much as I love this stock, I don't like to see the share...

  1. 43 Posts.
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    Just as much as I love this stock, I don't like to see the share price got played around. If you go back and read the previous announcements about Tesorito, you will have an idea what is going on. I have attached the most recent down here.
    https://hotcopper.com.au/data/attachments/3118/3118183-8d2b08fd662faf8c23fba85113466f86.jpg

    As shown in the picture, you can see all the drillings intersects the high grade zone, which has been proven consistently. What we need is the drilling that steps away further from this zone, then we can confidently say that, "Yup, Tesorito gold porphyry expands!!!" But, again they are just constantly telling people the same thing, "We have gold in Tesorito South...", but all the intersects pass through the same high grade area, which is not convincing for me enough. I have attached another diagram below.
    https://hotcopper.com.au/data/attachments/3118/3118202-04286b64b8a7014f791d0dee5c2211e8.jpg

    And this diagram clearly tells us that, "Yes, we have a lot of gold in red box...", which is something we have been told all the time. However, there is no phenomenal result in the blue circle (Tesorito North) just yet! Just having the good result in red box (Tesorito South) does not guarantee the re-rate, as we just have more understanding about the geological structure of Tesorito South. While getting hyped about the result for each announcement, we have to be realistic as well. The reason for doing this, (I guess) is to add more gold into a maiden JORC resource calculation?, which is one of the aim for this year, but saying the this is a elephant deposit just using the result here in red box is extremely speculative. What we really want to see here is we have a lot of gold in blue circle(Tesorito North) as well (maybe other areas too, that will be awesome). If you have a read on other companies announcement, you will know what guarantees a re-rate. Let's say the announcement from DEG today.
    https://hotcopper.com.au/data/attachments/3118/3118223-8ec9796f77010ea0788e09a855b168cd.jpg
    You can see each drilling is clearly stepping away from each other, so it is clear and easy to say that they have wide grade zone of gold. Using something that is more related to us will be Boda in ALK (porphyry style mineralisation) as attached below.

    https://hotcopper.com.au/data/attachments/3118/3118228-a3f7583198eed29ad771fd855b6c52a8.jpg

    This is from announcement on 23/3/2020 and look at the drillings in this diagram, the drillings are side by side with each other. The share price jumped from 55 cents to 60-70 cents (during COVID breakout). I know it is unfair to list these examples here as they are both mature companies, but I really want to see other areas (Chuscal, Tesorito North and probably Ceibal in the future) have gold as well.

 
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