Lot of stale and disgruntled bulls around which is understandable given the recent SP performance and the high probability of carrying significant paper losses.
But the reality is; SRK is trading at a $27m cap whilst holding $31m of LEL shares (34,410,000 x .91) plus $4m~ in cash/receivables. Then on top of that you get the Peru asset(s) and Paulsens....for free?
Very well positioned for another bull run in Iron Ore (like we've seen in the majors in recent weeks) whilst retaining Lithium exposure which is looking as strong as ever.
My opinion only - dyor.
Lot of stale and disgruntled bulls around which is...
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