Ann: Resource Rising Stars Presentation, page-8

First 8 Last

Share
Profile

Follow
K23

642 Posts.

91

19/02/24

16:11

Post #: 72486701
Share

Originally posted by Alex2030: ↑

You can take a look at some of the other success stories. When De Grey (DEG) made the Hemi discovery in late 2019 they were trading at around 7c. By mid-2020 they were up over $1,
https://degreymining.com.au/hemi-discovery/

At a similar time Alkane (ALK) were trading at about 25c and hit paydirt at their Northern Molong porphry project and went as high as $1.40 over the next 18 months. But always beware the elevator ride that can head back down.
https://unauthorised investment advice/resources/gold-alkane-jumps-18pc-after-hitting-a-502m-long-gold-and-copper-intersection/

And Chalice (CHN) went from about 30c to over $8 in a bit over 12 months with their discovery.

So there is huge upside potential here. With its very small market cap and relatively low share issue, Legacy shareholders are in a great position to make some serious gains on any significant discovery. The fact that we have multiple opportunities across different projects just makes the odds that much better. But we always remember - the market doesn't care about potential, only hard facts. So until we have those facts in the hand it's all speculation, which is its own fun.

I liken it to fishing - fishing is great in itself, but it's soooooo much better when you catch the big one.

Expand

Thanks Alex for the effort you went to on that, excellent piece of insight.

LGM Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply