The JV on the 2 copper projects are the way to go for the Lithium in Argentina and in essence should already justify our $10m market cap.
Westminster shares have a value of in excess of 60% of that number and the royalty and cash contribution for FQ to gain an earn in is far greater than that amount.
These 2 deals provided minimal dilution to LRS shareholders , and blue sky on success.
If LRS can negotiate either a shareholding in a JV partner as they have with the canadian listed company Westminster or a regular cash and royalty payment plan with First Quantum on the lithium leases we will be far better off than trying to drill all of them ourselves with little cash.
CG seems great at finding projects , but getting them to production is a skill we need to outsource
With so much land in Argentina that seems ideal for Lithium exploration why not hedge and talk to ORE or one of these Lithium leaders .
30% of a lot is much better than 100% of nothing
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $560.2M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 18.8¢ | $3.328M | 17.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 906298 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 1359434 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 215700 | 0.175 |
6 | 630000 | 0.170 |
7 | 1125150 | 0.165 |
8 | 1918920 | 0.160 |
10 | 651683 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 1869389 | 8 |
0.190 | 3947046 | 21 |
0.195 | 3325980 | 9 |
0.200 | 2906221 | 23 |
0.205 | 1881708 | 11 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
LRS (ASX) Chart |