OTCQX:AVLIF - Post by User
Comment by
kikker01on Mar 29, 2019 11:33am
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Post# 29554420
RE:Look at LSC Lithium
RE:Look at LSC Lithium
My numbers may not be correct but from what I've read LSC was sold for 111 million with 2.6Mt LCE measured and indicated and 0.938 Mt inffered. At our present 4.8 Mt LCE measured and indicated and 0.938 Mt inffered along with 158 652 000 shares outsanding ( from TMX money) and simple extrapolation puts AAL sale price a 1.28 $. if your average price is low its a pretty good return. But I have a good chunk bough over 1 $, so not great for me given how long I have been holding. However, I'm loathe to average down and increase my exposure any further.
LSC was sold a few months after their PEA was released for what its worth. Our expected in june.