The retest at 12 cents seems to have been successful as you say. The slow and steady progression continues with more and more higher lows being put in.
However, we are yet to see a higher high (which would need a close at ~14.5 or 15).
I don't think people realise the amount of potential with LRS from now until April next year. Currently $240 market cap for LRS when our grades are clearly higher than GL1, and we potentially will have comparable JORC tonnage. GL1 is up at $600m cap.
Also, based on published schedules, we are due to catch up and progress past GL1 in the first half of next year as they aren't planning to get a PFS done till second half 2023.
Of course, my commentary has assumptions embedded (management needs to execute the JORC and PEA and the ongoing drill program on schedule and also find more of spod with decent intersections.
LRS chart, page-5228
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Last
19.3¢ |
Change
0.003(1.32%) |
Mkt cap ! $532.2M |
Open | High | Low | Value | Volume |
19.0¢ | 19.3¢ | 19.0¢ | $36.15K | 189.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 4772963 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 513302 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1638125 | 0.190 |
8 | 1711999 | 0.185 |
14 | 1187050 | 0.180 |
11 | 1045000 | 0.175 |
9 | 784453 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 443802 | 6 |
0.200 | 4777913 | 24 |
0.205 | 5985248 | 34 |
0.210 | 6182061 | 37 |
0.215 | 2174707 | 23 |
Last trade - 10.06am 18/09/2024 (20 minute delay) ? |
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