explores all go through a life cycle, the life cycle is not a continuous up ward trend.
lnr is not at the same stage as either of the two companys you have mentioned.
lnr needs to find or prove to the market it actually has a resource for a potential mine. Sp will be multiples from here. Just like what happend with the other two companies you mentioned.
once the market believes in the resources, other factors come into play. Will they get funding, do they have the tec, how long will it be in delays to go to mine etc. this is where people will take profits, forcing the sp downwards. The more issues or hurdles the company may encounter will have massive impact on sp. once the company has proved to market they will be going to mine the sp will take off again.
if you google minnning explores life cycle you will see explanations and graphs that may shed some light on you question.
lnr is at the beginning of the cycle we have plenty of upside in discovering a resource just like what happens to the other companies you mentioned. Going to mine is another whole question yet to be answered.
LNR Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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