Yes, a good close today - up the better part of 20%...but barely begun, given the assets here.
At 6.9c, we have a miserly market capitalization of just $7m...which is laughable, really, in this market, particularly when you consider that the Paron deposit alone, now with its subsantial silver credits, would produce a profit to shareholders of about $70m on current reserves.
There's good reason to believe later drilling for the porphyry downward fault extension at depth might actually turn up something quite substantally larger again!
That remains speculation for now, of course, but the point is one could make a good case for a doubling or trebling of the shareprice from where it is - and still leave a substantial discount! - FOR PARON ALONE, as it stands.
But then there are the other projects in LAT. The Michiquillay copper prospect contains “reserves” of 544 Mt grading 0.69% copper, 0.1-0.5 gpt gold and 2-4 gpt silver using a 0.4% cut-off. If the company & its partners win the bid, THAT is well and truly a company-maker in its own right!
And hopefully we'll be soon hearing further news of LAT's Coyhaique uranium prospect.
So, yep...a good start today. But plenty more in store.
LAT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
