16:45:05 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Lara Exploration Ltd
Symbol LRA
Shares Issued 30,969,691
Close 2015-07-07 C$ 0.24
Market Cap C$ 7,432,726
Recent Sedar Documents

Lundin says buy Lara Exploration

2015-07-07 21:32 ET - In the News

Brien Lundin, in the July, 2015, edition of the Gold Newsletter, says buy Lara Exploration Ltd., recently 26 cents. Mr. Lundin said buy six times between April, 2006, and April, 2010, at prices ranging from 26 cents to $1.67. He said take some profits -- perhaps sell half -- in February, 2011, at $1.50. Assuming a $1,000 investment for each buy, selling half of the $6,000 position at $1.50 yielded a profit of $3,975. Mr. Lundin said buy three more times between August, 2011, and January, 2014, at prices ranging from 77 cents to $1.49. Assuming a $1,000 investment for each of the three new buys, and taking into account the $3,000 investment left after the half sale, the $6,000 position is now worth $1,955. Lara and its joint venturer have released some "eye-popping" drill results from their Curionopolis copper project in Brazil, including 56 m of 16.51 per cent copper and 0.34 ppm gold. Mr. Lundin is impressed by the copper values, especially given the mineralization's proximity to surface. Lara is a favourite of the editor's because it has employed the prospect generator well over the years and kept its share count low. For those willing to make a wager in this moribund market, Lara is a good option, Mr. Lundin concludes.

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