LCL 9.09% 1.2¢ lcl resources limited

General Day to Day Banter, page-12

  1. 1,449 Posts.
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    Hi mate,

    If you check out NST - a gold miner who have a current market cap of 10.88 billion -, they started off with one mine and proceeded to buy more assets - other gold mines. It's taken them perhaps 10 years to go from 1 mine, 75 cents per share, to where they are today, nearly 10 bucks a share. If you're a believer that LCL can get Miraflores to production in perhaps a couple of years and then develop their other assets, you might get the picture of how LCL can develop well beyond the 1 billion dollar market range. They have many more tenements than just Miraflores, Chuscal and Tesorito. There are mitigating circumstances though. It will depend on drilling results, price of gold and LCL actually becoming a producing miner. But it sure is nice to dream.



 
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