LRS General Discussion, page-16974

I've been chipping away at a spreadsheet for a little while now. Here is a section showing a comparison between LRS, A11 and WC8.

Things that stand out:

- A11 has an horrific corporate and project ownership structure - the government is all over their asset trying to get every part of it.
- LRS just poached Aaron Maurer from A11 (to act as COO)
- LRS has all the options with no offtakes yet given away and we own 100% of the project.
- LRS is trading at a tiny 17% of it's PEA NPV whereas A11 trades at 44% of it's DFS NPV.
- WC8 is hard to evaluate given it still hasn't released a JORC. I've assumed 120MT @ 1% for the purposes of getting a few calcs done. They already have a mining lease which will increase speed to production by an unknown timeframe.

Given the expected significant increase in tonnage for the LRS DFS, I think that when you consider current market caps, and path to production, I think LRS justifies itself as the best buy (obviously not advice).