There still remain significant potential pitfalls. Recovery rates. Financing and Execution.
Metallurgy. Its refractory gold mixed with antimony. Metallurgy will be a pain in the ass. Even if they say its 90% recovery in the lab tests, we don't know for sure until the mine is fully operational. Can the mine be profitable as a stand alone antimony mine?
Financing. For a small cap stock like LRV, getting $50m-100m to get the mine into operation is not guaranteed. Or they may have to give away a lot of shares to raise the required funds. May have to issue 300% more shares to raise sufficient capital to get the mine operational.
Execution. Yes most of the mine is already built. Management still has to execute. I don't believe any of the current management has done something similar before with success. Happy to be corrected on this point.
On the other I believe LRV remains the best risk reward junior miner on the ASX. Nothing I have seen comes close. 20 bags if mine gets fully operational at reasonable recovery rates with a 3m oz resource, is certainly possible.
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There still remain significant potential pitfalls. Recovery...
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Last
12.0¢ |
Change
-0.020(14.3%) |
Mkt cap ! $36.95M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 12.0¢ | $133.8K | 1.004M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 130009 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 130009 | 0.120 |
5 | 149043 | 0.115 |
9 | 1579579 | 0.110 |
6 | 290001 | 0.105 |
14 | 777030 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 100000 | 1 |
0.140 | 1546467 | 7 |
0.145 | 207000 | 3 |
0.150 | 488874 | 8 |
0.160 | 208799 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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LRV (ASX) Chart |