Reedy Lagoon Corporation Ord Shs T.RLC

Primary Symbol: RDLGF

Metals & Mining Industrial Metals & Minerals

Reedy Lagoon Corporation Limited is an Australia-based mineral exploration company. The Company’s projects include the Nevada Lithium Projects, the Burracoppin Gold Project, and Burracoppin Iron Project. Its Nevada Lithium Projects include Alkali Lake North (ALN), and Clayton Valley (CV), which are located in two large and separate groundwater catchment areas in Nevada, United States of America. ALN comprises 334 placer claims and 157 lode claims, covering 3,908 hectares (9,657 acres). The Burracoppin Gold project is located in the central Wheatbelt of Western Australia roughly midway between Perth and Kalgoorlie on the Great Eastern Highway, Route 94. The Burracoppin Gold project comprises the Lady Janet, Windmills, Shear Luck and Zebra prospects. The Burracoppin magnetite deposit is located half-way between Perth and Kalgoorlie near the town of Burracoppin on the Great Eastern Highway, east of Merredin.

OTCPK:RDLGF - Post by User

Reedy Lagoon Corporation Ord Shs

Bullboard Posts

Post by NYI25on Nov 22, 2007 10:11am

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Post# 13850526

Future

RLC is a cyclical play. They are losing a little bit of money after the effects of FX which over time should smooth out and be normalized away from the equation. Cash generation and free cash after sustaining capex is still quite positive. These guys will hurt in a down market like now and probably bottom out in the 30 - 40 cent range. However, in an up market with slightly improved pricing, the valuation for RLC shoots through the roof. In an improved market, I see the upside of RLC in the $2 range immediately and if they can win contracts and grow the business - $4 to $5.

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