Give it time - we’ve only had this Utah resource for less than a...

Give it time - we’ve only had this Utah resource for less than a month. The 10 cent range can be a very difficult one to crack.

Traders know they can scalp a very quick 15-20% from low 9 cents to 11 cent range. Buy low 9’s, sell at 11 and rinse repeat.

I remember LRS was stuck between roughly 9.5 and 11 for a long time (until news dropped to send us higher).

The current chart is looking like bigger money knows this resource is worth a lot more than $92m market cap - every single daily candle is constantly putting in higher lows.

If only we could go back to when LRS first started rising from $50m mkt cap and buy more because Colina was clearly viewed as a $500m-$1bn market cap back then.

The trick is working out whether you’re sitting on something that bigger money sees longer term upside value in. Will $92m market cap look cheap in a month from now? I tend to think so but there are a few variables:

- Some kind of marketing from Trump or U.S. govt would probably send us north of $200m cap very quickly (obviously low probability, but it’s possible)
- Potential CR at some point
- Exploration program needs to be defined and announced obviously - permits, drill program and targets, formalise JORC, get some met tests going. I think Andre mentioned drilling may not be possible until end of this year (which obviously isn’t soon).

Some other news items that could drive us higher:


- Announcement of 1-2 credible U.S. big shot directors to push our funding chances higher
- News of funding negotiations / requests with govt
- Sub holder notice for a larger entity buying on market.