What is LCK' value?, page-121

Both KOR and AEV went up 300-400% last month, and LCK barely moved except last week's 40-50% increase. It is funny LCK was leading today's sell off.

Let's not talk about the fertilizer, just talk about the gas reserve. LCK's gas 2P reserve is 26.3% of Origin's. Origin's gas reserve is coming from 37.5% shareholding of APLNG, and Origin announced to sell 10% of the APLNG for $2.2 billion last month. 10% of APLNG is roughly the same amount of the 2P reserve LCK has at the moment. So just the gas reserve LCK has should worth many multiples of the current market capital.

We can also compare LCK to the other gas junior companies like VEN and MEL. Collectively VEN and MEL have about 100 PJ 2P reserve, being 10% of LCK's. VEN and MEL's market capital is nearly as same as LCK's.

LCK is dirt cheap at the current price. We cannot do anything about the share price manipulation, but we can certainly hold tight until it's re-rated.