luke - Sorry for the tardy reply, I have only just read your post.
Yes what you thought I was saying is what I meant!
I don't think the market has quite got wind of this one yet., or looked at it too hard if they have noticed it because it is outside of Australia and they own the project by way of options. That is, a lot of people will not jump in until the option has been exercised, and in this case it's a very good way to do business imo - but I think we might see this change around once the maiden JORC comes out in ~3-4 weeks and there is a fuller explanation of the option system, which should underpin the sp imo.
Cheers, Pie (:
LRC Price at posting:
2.5¢ Sentiment: None Disclosure: Held