Here is an African versus Brazil comparison.
A11 seems to be trading just over $600m market cap (once you account for 40% ownership) in Africa with LRS @ just over $400m now. LRS has a lower AISC based on studies, double the JORC but it doesn’t have its funding done yet (which A11 is further along the road on). A11 suggesting producing 9-12 months ahead of LRS, so not much difference between the two. Both are running offtake processes lead by Macquarie bank right now.
Not knocking A11 as it seems to be a well run company.
Just Slightly confused how an African play is trading so far ahead given that a comparison of most fundamentals is won by LRS (with the exception of the funding piece).
* maybe the funding piece is more valuable than I’m suggesting, in which case maybe the premium for A11 is justified?
- Forums
- ASX - By Stock
- LLL
- General Discussion
General Discussion, page-9456
-
-
- There are more pages in this discussion • 1,387 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LLL (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable