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3.85% 25.0¢ labyrinth resources limited

A bit more digging lead me here...

  1. oscarone
    6,676 Posts.
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    17/11/12
    10:37
    Post #: 11013383

    A bit more digging lead me here http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ALRL.L&thread=10191433&it=le&action=list

    From someone who has seen the tip -



    "Basically if they discover 1.0TCF it could be worth 11p a share and a 3.8TCF find could be worth as much as 46p a share. Chance of success 1 in 6 but not un reasonable. Risk reward for the first well is too compelling to ignore. Hence speculative buy. They offer exciting upside over short term. "




    Numbers that could make you smile. Using a pe of 10 that would put the share price anywhere from $1.70 to $7.10.
    By my calculations anyway.

    DYOR

    Oscar


    LRL Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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