I'm a lot more conservative in my short/medium-term price target (still optimistic/bullish/holding etc).
JORC will take us to ~8-12c.
Completing DFS will take us to ~20-25c.
A sizeable binding offtake for noombenberry would take us to ~25-35c
Lithium +5c since I think the idea of the project is somewhat priced in
Similar for gold (+3c)
And yes I've factored in the dilution factor from options, and if ADN is anything to go by being a multi-asset, multi-national resource company will be a far, far more robust investment if there are any cyclic disruptions from the global geopolitical landscape.
And generally as a value investor as opposed to day/momentum trading, I don't like seeing insane share price whiplash every other month even if at the back of my mind I know the trend is up as LRS is delivering its project milestones and owns great resources.
I'm a lot more conservative in my short/medium-term price target...
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $489.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $1.743M | 10.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 725972 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 212595 | 8 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |