RE: Re: Sub 2p23 Sep 2018 21:25
Hi big ask why must LCCM make a profit before we see a substantial rise ? if for arguments sake we see Redmoor double in size (and by the looks of it concentrations increase too) or we find cobalt , nickel sulphides of some significance would you not attribute any value to those finds?
I think more than anything that the stagnation is due to the length of time for the projects to move onwards, aim investors normally expect movement in less than a year , whilst the news is good it is not developing especially quickly when we consider the number and depth of holes being drilled this is not a criticism just an observation as the bods manage the cash available tightly .
I see LCCM as another cash generation project to facilitate larger scale mining developments , acquisitions and test drilling I don't see it as a company game changer.