The recent recovery of the Iron ore price makes the Guado andusalite/ magnetite project a lot more commercial
Hopefully we will see either a JV or sale of this asset at a higher price than the current market cap as a result
I believe LRS has spent more than $10m US to get the asset to the JORC stage
When iron ore was $100 and this JORC was announced the LRS share price was 40 cents and the market cap was $50m now it is 0.6/.7 or $6m
Guado - Iron Ore
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 17.5¢ | $2.039M | 11.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 144143 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 2098329 | 16 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |