Many simply understimate the potential resource that will ulitmately be proven up in the Arqueros Gold Project. Many may fail to recognise that the surrounding areas to the tenements in question are extremely rich in gold. Similar non Australian coys are operating 5m Oz+ projects in the surrounding areas. LRC's cost of production stands at circa USD$400 per Oz, with the gold being close to surface and Highway transportation only 3km away - this becomes a very attractive proposition for a commercial mine. Furthermore as mentioned already the top 20 shareholders hold the vast majority of the stock, with many like me not willing to part with shares for anything below 15c+. The market cap is still Tiny (with not many shares on the market) LRC will move north exponentially as investors begin to get wind of the potential upside.
LRC Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held