Value Microcaps Junior Miners

[nutsaboutgolf2001]

As a further point SMC's share price is much further off it's high (percentage wise) than LRR. I think the main underlying reasons are that LRR has partnered with great companies (namely Kinross with very deep pockets) and that it has lots of cash (and thus no immediate financing or refinancing needs). However with the merged company SMC liquidity problems virtually disappear and LRR's current gold production will provide significant operating cash inflows. I think this is a case where the combined company is definitely worth much more than the sum of the parts and I think we will be quite surprised by the price action of both companies prior to the merger and of the new LRR thereafter. Moreover, correct me if I'm wrong but are not LRR's partners on the hook to pay for all drilling and exploration costs?