LRS 5.41% 17.5¢ latin resources limited

My First thoughts....Sold it for only $500,000? What the? I...

  1. 65 Posts.
    lightbulb Created with Sketch. 36
    My First thoughts....Sold it for only $500,000? What the? I estimated ages ago based on 50Mt at 6%. Now this stuff is worth $4,000 USD a ton. Thus to me, that’s 12Billion USD! I must have the wrong grade or $ value here.... Pure Kaolin can sell for $300/ton, or Pure halloysite sells for up to US$5,000/tonne. FYI

    Right it's only a portion of "The sale of the Gibraltar Halloysite-Kaolin Project will be done via a divestment of a portion of EL6506, with
    the excised area covering approximately 80km² of the original 316km2
    tenement (see Figure 1). The remaining
    portion of EL6506 will be retained by the Company."

    For the newbies. some facts about this side of LRS.. & a lot of investors about 2-3 years ago were very keen on this alone re LRS & jumped in & thought the Li was a side hussle bonus. Really good article below.

    Latin Resources’ Halloysite and Kaolin assays could be highest grade in Australia - The Australian Mining Review

    Last thoughts, this is great
watchlist Created with Sketch. Add LRS (ASX) to my watchlist
(20min delay)
Mkt cap ! $485.1M
Open High Low Value Volume
18.0¢ 18.5¢ 16.8¢ $2.552M 14.68M

Buyers (Bids)

No. Vol. Price($)
15 2150779 17.0¢

Sellers (Offers)

Price($) Vol. No.
18.0¢ 785215 19
View Market Depth
Last trade - 16.10pm 28/11/2023 (20 minute delay) ?
-0.010 ( 0.94 %)
Open High Low Volume
18.0¢ 18.0¢ 17.0¢ 9888589
Last updated 15.59pm 28/11/2023 ?
LRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.