Value Proposition, page-5

My fundamental analysis looks at a similar company (explorer) in the same region, though with a significantly larger reserve like SOL Gold and then says what should LCL be valued at based on metal in resource/reserves known in ground. LCL should be priced at a market cap that represents 1.5 -1.75% of the value of the gold in ground using SOL Gold as the example. At 3c/share we were valued at less than 0.41% so need to get to 13.5c/share to be on par with what is already known to exist in Columbia. A discount to this price based on size of resource would be quite reasonable hence the target price of 10.5c/share.
Current re-rate is based on people discovering this little beaty sitting in the bottom draw of the ASX with Au price skyrocketing and LCL announcing the start of drilling where significant meters in the past have been discovered. There will be ups and downs but its the long game we should be looking at especially since their is alot of ground yet to be explored with any modern day techniques applied. Alot to like about this one.