LCL 20.0% 1.2¢ lcl resources limited

Valuation, page-162

  1. 1,380 Posts.
    lightbulb Created with Sketch. 34
    Well, approx 7mill was purchased on Friday on both exchanges.

    If they can sort out their funding and commence drilling at Chuscal, those lines all the way to at least 1.5cps should be wiped IMO.

    The MC at the moment is unbelievable considering the assets and JV (with Anglo) they have.

    Even if they do nothing and sell them off (which is highly unlikely), they're worth a lot more than $2m MC.
 
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