Firstly, my apologies for the tardy reply. I meant to get back to you yesterday, but I had my head around other things!
No, this is not a significant holding of mine but it is one I am interested in from a few perspectives:-
a) It's Gold (lol); b) I like the speccies; and c) The risk here suits my appetite.
This one is interesting because (pre LRC) in basic language it's was drilled primitively ie; this looks good, so let's drill here! And that's how they happened onto the Gold & Silver ore bodies.
So by contrast (in theory anyways) LRC are using modern science to prove up (what should be) a multi million ounce Gold & Silver resource.
I think once they get the funding right and get the drills turning, we could be looking at some reasonable upside imo.
The only negatives atm is that there are a few more payments to go yet on the acquisition.
Cheers, Pie (:
LRC Price at posting:
1.7¢ Sentiment: None Disclosure: Held
