I would like to hear your views on Larvotto Resources Ltd (LRV)
Love your work and enjoy my daily reads. I would like to hear your views on LRV, who seem to be on quite a run at the moment. Regards…….Dean H
The Latest Q&A
Answer
Hi David,
Larvotto Resources Ltd (LRV) it’s a $660mn Australian junior miner / developer focused on progressing its Hillgrove Gold Project in New South Wales. The stock shot up +70% this week on great drill results from the company’s Eleanora-Garibaldi prospect, which appears to be shaping up well.
Their high-grade hits would be attractive anywhere on the planet but to find them on the doorstep of Hillgrove’s existing mine infrastructure adds to an already exciting story.
- The Garibaldi deposit currently hosts a resource of almost 400,000 oz of gold and 19,000 tonnes of antimony.
Fully funded by a US$105 million senior secured bond issue and a fresh $60 million equity raising, the $140 million flagship project is expected to be completed and ready for first production in the second quarter of 2026.
- Plus. with gold trading ~$US4200 and LVR still only valued at $660mn it looks good value to us with further surprises on the upside a strong possibility.
MM likes LRV as a speculative gold play.
