If you are not mining, I am afraid you are an explorer (i.e. your company is generating zero revenue from getting rocks out of the ground). That’s not a bad thing per se, but 1B based on good drill results is overvalued considering the HUGE expenses needed to turn a project into a mine.
I like LRS, but it is due for a big correction still, plus lithium futures and China are looking pretty nasty lately. Will buy at a reasonable price in the next few months.
If you are not mining, I am afraid you are an explorer (i.e....
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $461.9M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $686.6K | 4.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 261000 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1003370 | 16 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |