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Lara Exploration Ltd V.LRA

Alternate Symbol(s):  LRAXF

Lara Exploration Ltd. is an exploration company. The Company holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Its projects in Brazil include Planalto Copper Project, Liberdade Copper Project, and Celesta Copper Project. Its projects in Peru include Corina Gold Project, Kenita Polymetallic Project, Lara Copper Project, and Picha Copper-Silver Project. Its projects in Chile include the Bahia Inglesa Phosphate Project. The Planalto Project comprises a about 3,866-hectare (ha) block of exploration licenses. The Liberdade Copper Project comprises an exploration license of about 8,491 ha. The Celesta Copper Project comprises multiple high-grade iron oxide copper gold (IOCG) breccias. The Corina Gold Project comprises a block of licenses totaling about 8,300 ha. The Lara Property consists of three mineral concessions, covering an area of about 1,800 ha. The Kenita Polymetallic Project is located in the Huancavelica Department of Central Peru.


TSXV:LRA - Post by User

Bullboard Posts
Post by psj567on Dec 16, 2013 9:33pm
431 Views
Post# 22012041

Noticeable Insider Buying

Noticeable Insider BuyingThere has been noticeable insider buying recently. This management team is top notch and extraordinarily smart. Their sister company, Reservoir Minerals (RMC) was by far one of the five best performing stocks  the past 2 years in the junior space. LRA has a very small and tight share structure and a tiny market cap of $22 million. It has a great stable of projects in South America with a flagship CODELCO JV project at Liberdad. There was similar insider buying in RMC when it was at $1 and a $42 million market cap. It currently trades at $5.50 and likely has at least another double in it over 12 months time. In summary, LRA is a proven management team with a successful track record of insider buying. Tax loss selling season has ended. Time to follow management's lead.
Bullboard Posts