RE:RE:Promising or disappointing?17Digger wrote: I think their drills hit enough good things this time to show that Latitude has a good idea of the ore pattern beneath the ground.
These new results will fine tune the granularity of their insights into the geology pattern of where the ore sits. The sites they drill after analysing the 2023 results will be excellent in my estimation, so I will be hanging on to my shares. The one analyst that I am aware of already values them at a $1.35 target price
..., but they need more newly discovered pounds from drill holes like these to get them the rest of the way to the 100 milion pounds in the ground they seek to show the market.
It looks to me that they are well on the way to that 100 million pound resource.
What do you think?
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I don't know how the target of 1.35 was set by RedCloud, if you know it I would be interested to know. A priori, the current capitalization of LUR seems weak on the basis of the resources and the concentration which makes it possible to assume favorable conditions of exploitation. Each ounce is valued at 0.6 $us, but I have little comparison criteria. I do not have sufficient technical knowledge to validly assess the exploration results published yesterday, I would be interested in the assessments of more competent people.