Landore Resources Share Discussion Threads

[gsg] 17/3/2016 07:57

So far this co has been a nickel explorer, then iron ore, then rare earths majoring with lithium, then back to iron ore, then back to nickel and now gold is going to be its saviour. All under the same management. Gotta laugh

[lochlea] 16/3/2016 16:31

Hi HM - hope springs eternal with the gold discovery imho. Without it and only the Nickel project in play then LND was likely heading for the buffer zone & be moth balled until Nickel spot price significantly recovered. They said back in 2012 (if memory serves me right) that Nickel has to be $12,000 per tonne to cover operation, refining, transportation & smelting costs etc. Then there is $50 million plant CAPEX. As Nickel is only circa $8,000 per tonne you don't need to be a mathematician to work out it isn't a viable project at the moment.

They've been saying for past decade that they have been actively looking for a JV partner. Maybe with the gold find (and hopefully more to come) then the probable cash flow that this might generate in the short-term LND will become attractive, all of a sudden. I have my suspicions on the timing of this rabbit appearing - but wtf - if it gets the share price moving I should co-co.

[hugus maximus] 16/3/2016 15:50

Please excuse my lack of a knowledge, as my investment in LND 5 years ago was purely by recommendation, but one assumes the gold discovery is not such a significant weight per ton that might revive the fortunes of this company, whist Nickel, their chief discovery, is only around $8,000 per ton? GLA HM

[glennrcharles] 16/3/2016 11:18

Did I miss something? A rocket by any other name :)

[lochlea] 14/3/2016 20:37

Is Ford on the payroll?
Be good to read an article from another financial jorno - just for a change!!

[johnsalv] 14/3/2016 18:21

For many years, it’s been all about the nickel for Landore Resources Limited (LON:LND). The company has made great strides at two major deposits at Junior Lake in Ontario, to the extent that Bill Humphries, Landore’s chief executive, reckons they will be ready for a development decision by mid-year.

Much depends on the nickel price though. In recent years nickel has been very weak, and the current price of around U$8,700 per tonne isn’t far off the five year low.

With that in mind, Humphries takes the view that renewed strength is likely within the next couple of years, and remains upbeat that the US$13,000 to US$14,000 per tonne level that it would take to make the two Junior lake deposits really pay their way isn’t that far off.

In the meantime though, events at Junior Lake have taken an unexpected, but welcome, turn.

In the final round of the most recent drilling campaign at the B4-7 nickel deposit, a geophysical target two kilometres east of the known mineralisation was tested, with the idea that it might turn up more nickel showings.

Instead, what turned up was gold.

This isn’t altogether surprising, as Humphries explains. “Junior Lake is a polymetallic property,” he says.

“We’ve been concentrating on copper and nickel for some time, and we’ve been dedicated to advancing the nickel projects, but in the meantime, as we’ve been drilling on the greenstone we’ve frequently hit gold and sometimes at quite high grade.”

Indeed, at the Lamaune deposit, which was subsequently spun out of the company, Landore hit as much as 130 grams per tonne gold; elsewhere at Junior Lake intersects running as high as 35 grams have been reported over the years.

What makes the latest hits different is the potential scale. For a start, this intersection runs across more than 30 metres and grades just over 1 gram per tonne. Not bonanza grades, maybe, but across that kind of width, certainly attractive enough to consider a bulk mining scenario. There were also higher grade sections within that wider intersect, including 3.7 metres at 4.21 grams.

So far so good.

The question is: how big could this newly mineralised zone be? We won’t have long to wait for the answer. Five further holes have now been drilled in and around this initial intercept, and the results should be available next week.

Early reports are that the drill holes have all turned up similar material to the first hole, although it would be premature to second guess the numbers. At the moment Landore is talking of a new mineralised “zone” rather than of a discovery.

Even so, you can sense Humphries’ excitement. He’s found gold projects before that went on to become mines, and he knows what he’s looking at.

“That’s good material,” he says. “If it does come up it’ll be a heap leach deposit. We’d go in there and move it fast. It’d be low capital, and it will pay for the development of infrastructure for the nickel operations.”

On the whole there appear to be very few downsides. The next results will come in, sampling and trenching work will continue, and Landore will then consider when and where to initiate another round of drilling to flesh things out. Rigs are already on site. Humphries just has to give the command

[glennrcharles] 14/3/2016 14:18

Good Question :)

[hugus maximus] 14/3/2016 13:36

Silly me .. I invested £11,000 here 5 years ago when the share price was on the up at 17p after a supposed "expert" gave me a tip off (LOL).

As my investment is now worth just £450 ... I've simply left it sitting here incase anything turns up.

Is this "Map of the Gold Zone" report some sort of silly prank or is it possible that this might ever turn around? (i.e. Since aforementioned report the share doesn't exactly seem to be leaping off the shelf.)

Any thoughts of what's actually going on here would be much appreciated.

All the very best
HM

[imperial3] 14/3/2016 11:17

Shows how much interest there has been from the market.Nil.

[lochlea] 14/3/2016 08:25

Wow...... they've discovered some Gold again....... some 8 years after finding the first lot. Small rabbit & large hat springs to mind.

Should be enough to keep them employed for a wee while longer. Watch this space.

[lochlea] 17/2/2016 09:28

I see someone raided their Piggy Bank this morning and bought 290 LND shares at 0.6498p for the total sum of £1.88........ and costs in excess to be added on that £1.88 worth!!


EDIT: then 20 mins later 290 shares get sold....... couldn't hack the excitement or pressure?? LOL.

[luni2] 16/2/2016 18:00

Very eloquently put lochlea, I know your humour is the result of exasperation at the situation here and the other place but it always makes me chuckle!

[imperial3] 15/2/2016 10:00

Well said.

[luni2] 12/2/2016 13:26

First visit here for a few weeks and again your posts have made me laugh out loud, thank you! Don't you remember a regular poster here called square 1, who used to post very authorative and tantamount to insider knowledgeable posts, well I might be wrong but he's one of the founding authors of "Proactive Investors". The whole thing was just formed as another ramping platform for their own investments.

[lochlea] 11/2/2016 19:00

btw I think they'd seriously struggle to EVER sell the WHOLE company for $45 million even if nickel doubled in price. But maybe it's all about Palladium & Platinium? LMAO

[imperial3] 11/2/2016 10:53

The directors here,should do the honourable thing and resign.The disastrous share price performance under their watch says it all.

[glennrcharles] 10/2/2016 21:11

Good article..:)

[imperial3] 10/2/2016 19:35

This is a case of jam tomorrow,which has never ever materialised.By which time the directors will have retired,having been well renumerated,with the share price being depressed to record lows.So much for loyal shareholders who have seen their holdings nearly wiped out.

[stan-the-man] 10/2/2016 19:03

Good article John...