STTCOMPLRV FA LONG
A lot to likeabout this little sleeper.
- LRV (Larvotto Resources) - MC $10M – Current price $0.15
- Has just approved the acquisition of the Hillgrove gold-antimony mine. Operational processing plant & infrastructure (Currently on care & maintenance)
- Australia’s largest antimony deposit.
- The proposed acquisition consists of a high-grade JORC 1.4Moz AuEq1 @ 6.1g/t Au Eq Resource for a purchase price of <$6/oz (a significant discount to comparative transactions)><$6/oz! (you will struggle to find a Co with this resource, operating mine and a MC of ~18M post raise)
- The Co raised capital at 7c p/s to accelerate the acquisition, before the mine was taken off life support.
- Ex date to receive 1 to 2 shares at 7c is Thursday 23rd
- Expecting high volume leading into the Ex-date.
- Also expecting results from Mt Isa (Copper) and NZ gold, expected post 23rd.
- Eyre Rare Earths, Lithium & Multi-metals, WA
