LMR lemur resources limited

RecommendationLemur’s cash position is worth A$0.094/sh alone...

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    Recommendation

    Lemur’s cash position is worth A$0.094/sh alone and we value the Company at A$23.5M or A$0.122/sh. This is a 103% premium to the current share price and so we maintain our
    current BUY recommendation.

    http://www.fox-davies.com/media/53549/lemur_resources_22022013.pdf
 
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