Landore Resources Share Discussion Threads

[johnsalv] 23/4/2014 13:33

20 million - You are joking

[lochlea] 23/4/2014 13:05

Should be exciting enough news to get the House Broker off their backsides and stimulate some interest/buying activity.

By my reckoning the MMs must be sitting on circa 20 million shares from constant dumping over past 12 months.

[johnsalv] 23/4/2014 12:13

Region???

"Indeed, the latest data shows the property could be a "significant" nickel, copper and platinum group metals region, the firm said."

[glennrcharles] 23/4/2014 10:22

Bl--dy large iceberg !!!

[johnsalv] 23/4/2014 10:12

Tip of the iceberg - 10 kilometres strike length

Open to East and West


"Works completed on the Junior Lake property to date have clearly demonstrated the existence of a geological environment that is favourable for the deposition of magmatic nickel-copper sulphide mineralisation. Based on geological signatures and available geological knowledge, this favourable environment is believed to exist along a strike length of approximately 10 kilometres. At its widest, the favourable rock sequences are in the order of 1,000 to 1,500 metres in thickness."

[glennrcharles] 23/4/2014 09:41

Great news :)

[justino] 23/4/2014 09:25

The green, red and purple areas represent the existing 70,000 tonnes.

The yellow areas represent the surveys new targets.

Plenty of potential of a substantial increase in resource (grade depending).

[coley15] 23/4/2014 08:22

I see the MM's are doing their best to nullify any interest in trading which such a ridiculous spread.....

[justino] 23/4/2014 07:58

Nickel also still rising. Now almost $18,500 per tonne.

[justino] 23/4/2014 07:52

Looks like there could be a serious uplift in resource here.

I think LND will start to attract some new investors now to what is looking like a ridiculously cheap share.

[coley15] 23/4/2014 07:51

Nice. Particularly like this bit:

"further supports the outstanding potential for the Junior Lake Property to be a significant Nickel-Copper-PGEs region hosting many more occurrences similar to those discovered to date."

[panthechef] 23/4/2014 07:41

News out ahead of time plan
Now with more targets looking very good.

[idle jack] 22/4/2014 08:57

These gotta be cheap down here. Raiding piggy bank.

[chutes01] 17/4/2014 12:49

this should break 4p level very quickly.

[lochlea] 17/4/2014 11:59

LND quoted the operation & refining costs as being $12,000 per tonne when they also stated that set-up plant costs would be approx $50 million. That was 2 years back.

Happy to do the figures at 150,000 tonnes!! How about 200,000 tonnes?

As you say, it'd be a great time to announce a resource upgrade. AR usually out in May (13 May last year). Could be an interesting couple of months. Are we coming to the end game? Just a shame there's so many shares in circulation.

In the meantime....... wish that damn seller would take a hike.

[justino] 17/4/2014 11:49

I dont know the correct figure for operation & refining costs but i think the bigger the resource those costs will come down.

But even at your figures of $6,000 per tonne profit x 125,000 tonnes. That's $750 million dollars profit or £500m pounds over say a 10 year mine life plus blue sky. Do the figures again for 150,000+ tonnes and it looks even more interesting.

The question is, what's that worth to someone.

Remember the location is perfect for moving the Nickel, only about 13km for the national railway from memory.

[lochlea] 17/4/2014 11:42

FWIW - my original target was always 35p and I am feeling alot more optimistic that 35p will be the price needed to buy LND out.

[lochlea] 17/4/2014 11:36

Interesting justino.
But don't you have to take the operation & refining costs of $12,000 per tonne into the equation?

[justino] 17/4/2014 11:28

Being conservative and speculative! Here goes:

$18,000 per tonne (today), 125,000 tonnes = $2.25 billion or £1.34bn pounds worth of Nickel plus blue sky.

Value it at 10% in ground = £134m

500 million shares (allowing for warrants etc)

That's 27p a share, even at 5% in ground, that's 13p a share.

From memory, Capex for the project was circa $40m. Not a huge investment for any prospective purchaser and a quick return before profit with a 10 year+ mine life of 12,500 tonnes a year.

Just my opinion!

[imperial3] 16/4/2014 23:14

Something.

[bad robot] 16/4/2014 21:01

what's going on here?

[imperial3] 16/4/2014 14:24

Nickel price impetus,at long last supporting share price,and not before time.