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19.6%

27.5¢ lycaon resources ltd

your stoned if u put $$$ in something based on Morningstar value...

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jnene

3,964 Posts.

844

07/05/24

22:40

Post #: 73713831
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Originally posted by The Stripester: ↑

Whilst this Stansmore target has been drilled before back in the early 80’s by BHP, they were looking for Diamonds and when the results did not show the Kimberlites associated with diamonds they gave up on the area and moved on. Their drilling did not adequately test the magnetic anomaly which starts at ~150m…Now LYN have come along and found the magnetic anomaly which drew BHP to the area in the first place, to be prospective for Niobium-REE Carbonatite or IOCGI.
They have two high priority targets in Stansmore and Volt with three secondary targets in Edi, Earl and Menlo…
All this is on record….so nothing new here..
What I like now is how MorningStar have us at a fair value of 78c
Barcharts have upped their Ante from a 56% buy to a 72% buy

The whole West Arunta area could be prospective for Niobium and outside WA1’s proven Luni ground this one is my outside chance
IMO….time to accumulate….sit back and wait for the drill bit to prove up any possible resource

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your stoned if u put $$$ in something based on Morningstar value metrics- bar charts also is only a momentum indicator for any company that doesn’t have earnings- - good luck

LYN Price at posting: 34.5¢ Sentiment: None Disclosure: Not Held
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Last 27.5¢		Change 0.045(19.6%)		Mkt cap ! $13.24M

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