LRS has one of the largest lease holdings in Copper territory in Peru, and Lithium territory in Argentina , where these countries dominate the copper and Lithium production globally
CG may have made some mistakes with getting us in to production over the last 5 years, but on the positive side he has amassed a war chest of assets , that are very valuable, and moving to JV with proven producers is a far bette option for us shareholders.
First quantum have taken their time, but they are a $billion empire who are proven in exploration , proving up assets and taking them to production , 2018 might be the year CG is rewarded for all the pain he has endured getting LRS to production in a meaningful way.
I certainly hope so , as I have been int he stock since 31 , and have an average cost base closer to 2.5
LRS Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held