LCL 10.0% 0.9¢ lcl resources limited

General Day to Day Banter, page-636

  1. 752 Posts.
    lightbulb Created with Sketch. 189
    Hi Seth you don't need to respond so aggressively.

    Debt facility drawn down from yet? last i read new agreement still subject to some condition precedent met.

    Wasn't Referring to GPR.

    Just saying there are alot of other explorers out there with multple million ounce resources like KSN with 3.6Moz Au & 22.1Moz Silver with 1.35Moz Au reserves.

    They also recently acquired another project in Aus. A smaller gold scale mine. to restart production.

    Their MC is around $64Mil.

    hence my question "Would you say PNG is a better mining jurisdiction then Columbia?"

    PNG trades at a discount because of jurisdiction risk but at the same time there are many large scale ASX and nth american minders operating in PNG.

    But thank you for your response to the question. Your answer is - Yes in your view Columbia is a much better mining jurisdiction then PNG.

    "Find me another Sth American explorer with ounces in JORC and then we can start the debate."

    BRV - $50Mil Market Cap. Brazil. DFS completed. 2.43Moz Au resource all open pit.

    LCL probably has more prospective land

    Was just agreeing with other LCL shareholders that the markets are muted a the moment and that LCL is cheap along with many others.

    Please don't be mean spirited. It's a friendly stock discussion forum.
 
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