Some here are worrying about the wrong things.
I'm hoping to hear that CTO has reached the next stage Sunburst etc.. and requires a capital raising.
That would be fantastic news.
This means Ramp Up .. more revenue.
This is when the value from this company will start to be realised.
Why worry about $45 million ...I'm looking further down the line and saying so what if an extra $150 mill is eventually spent, over the next 5 years, when the production builds to the 500,000 oz per annum stage.
Do you know what the company's market cap would be worth then ? .. look at LGL's current market as a starting figure.
To those that are worried about capital raisings - stop sweating the small stuff .. look at the big picture.
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Price($) | Vol. | No. |
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