I would hope it would be at a higher price too. LRC share price should be valued around 4.2 cents with it's current JORC gold in comparison to other non producing goldies like SAR. It's still a huge discount to the worth of the .78m oz but those that aren't producing are valued at this discount. At 2.1 cents LRC is one of the most undervalued. To capital raise at a discount to the current price would be a shame given the cap raising was expected with the sudden departure. Guess we'll find out soon enough.
LRC Price at posting:
2.0¢ Sentiment: LT Buy Disclosure: Held