This is a very bipolar stock thread.In defence of LRC against...

This is a very bipolar stock thread.

In defence of LRC against the 'better gold plays' here is a brief summary you can all find in the recent quarterly reports.

Here and now;
LRC
Market cap: approx 16mil
JORC gold: 780,000oz
Target of 1 - 2mil oz with extensive drilling program starting this month.

DRK
Market Cap: approx 12mil
JORC gold: 0
Promising high grade drill results in Faulan that they are awaiting JORC on. Could end up with 25% of this project with farmin agreement.

GMR
Market Cap: approx 40mil
JORC gold: 324,000 oz
Very promising acreage and awaiting JORC on high grade Faulan which they could end up with 75% of.

SAR
Market Cap: approx 115mil
JORC gold: 3.04mil oz
Multiple deposits in same area. Still not producing.

ERM
Market Cap: approx 60mil
JORC gold: 0
Drilling underway targeting 1Moz. Just initiated JV deal with Ivanhoe. strong 12mil cash position and expecting JORC soon.

As you can see LRC has some catching up to do. I was a sacrificial lamb as most of you have been pointing out that expected the dump but bought again on close to average down. That's it for me on this one I'm sitting at waiting for 8-10cents that I think it deserves.

Everyone who thinks bentleigheast has been hardcore ramping I'd agree but think there was many more downrapers post announcement leverage his comments to bring entry price down. I don't ever believe 'a source close to the company told me' statements until it's proven but I would agree based on what the comparative goldies have that LRC has plenty of room.

Also there are many more traders then those that sit on hotcopper. A degree of hype can be built or lost from posts but to think everyone moving the price is sitting on HC is a bit of a stretch.

Like I said, I can't pick the day to day but this will catch up at some point.