Landore Resources Share Discussion Threads

[the skipper] 25/6/2021 16:02

4 MMs on the bid now and just 2 left on the ask at 32p.

Drilling update leaking or overhang cleared? Either is good.

[sportbilly1976] 25/6/2021 15:57

NT 31p now, with 5k at 31.5p

[anti corruption] 25/6/2021 12:08

I wonder indeed

[sportbilly1976] 25/6/2021 09:06

ʟᴀɴᴅᴏʀᴇ ʀᴇꜱ;ᴏᴜʀ;ᴄᴇƬ01; ᴘʟᴄ
@landore_plc
𝗟𝗮𝗻𝗱0316;𝗿ҳ06; 𝗝𝘂𝗻𝗶0316;𝗿 𝗟𝗮𝗸𝗲 Flag of Canada
#metals #Nickel #Copper #Cobalt #Iron $Gold #EVmetals #LND #Ontario

‘Majors have underinvested in exploration and must replace their reserves’ —Crescat Capital



...and I wonder how they might do that, when a local Company gets to a 2-3Moz resource? Hmm....

[sportbilly1976] 24/6/2021 17:41

I don't think anything in priced in here...maybe just the office building and possibly the spare photocopier :)

[chutes01] 24/6/2021 17:22

Let's hope next weeks bonanza results aren't priced in here ..

[the skipper] 24/6/2021 17:11

SP sitting at chart support or thereabouts now with the RSI indicating that the stock is very oversold at only 35.5. Could possibly move a tad lower tomorrow morning before strong buying emerges imo with the likelihood of drilling news on Monday.

[sportbilly1976] 24/6/2021 11:33

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@landore_plc
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#LND $Gold ⛏

‘The new PEA will be commissioned when the current drilling programme has concluded, with 17,070 metres out of 23,000 completed so far’

@proactive_UK

[sportbilly1976] 24/6/2021 11:24

canigou,

estimate posted yesterday I believe relating to US pre-COVID transactions putting reserves at $90/oz

so if Bill can get this to around the 2.5-3mln ounce level then that is around the £1.36-£1.60 a share value for Gold alone.

Take say 20% of the metals value...$144mln (around a further 80-90p) and we start approaching £2.25-£2.50 a share

[tizzer] 24/6/2021 11:17

Any info you need on this stock is in the below Telegram group. Very informative and insightful BB.....https://t.me/landore

[canigou2] 24/6/2021 11:07

Thanks SB, but you've omitted the value of the gold resources, it'd be nice to hear your (or anyone else's) valuation for this too. It is important!

[sportbilly1976] 24/6/2021 07:27

Using the indicated and inferred resources for the battery metals provided in the results, I get the total resource value to be around $733mln, using their conservative metal prices too.

This in addition to the multi-million ounce gold resource.

All in for less than $50mln !!

[the skipper] 23/6/2021 21:00

Yes, very informative and insightful post jmr-gold, so I have just awarded you some coin.

[blind_fortune] 23/6/2021 16:33

Thank you jmr_gold, that's very helpful.

[edg232] 23/6/2021 14:48

Yep. Just topped up at 30.69

[sportbilly1976] 23/6/2021 14:46

30.69p current buy price

[sportbilly1976] 23/6/2021 13:38

few more warrants been absorbed by the buying...

[sportbilly1976] 23/6/2021 10:47

excellent post jmr_gold...hope you don't mind but I have anonymously copied across to the LSE board too

[jmr_gold] 23/6/2021 10:30

No, not 4 million ounces by the updated MRE in Q3. He said that will likely be approaching 2 million ounces. The 4 million ounces comment relates to what he is confident is there. It wont be a resource in Q3. So for example some of the step-out exploration drilling has hit gold, but they wont have the drill density for that to be converted to a resource. Its merely to show the big boys that there is huge exploration potential on top of the resource.

The average takeover price for N.American discoveries is $90 per oz... 2 million ounces x $90 is $180 million or £130 million, which equates to a share price of £1.10. I think this is easily attainable, very realistic and quite conservative. This does not include any of the battery metals, which as BH highlighted in the interview are worth nearly as much as the gold. This will not be overly sensitive on gold price - the $90 average is largely based on pre-covid gold prices.

Punters just don't realise this yet, its being priced as if it were some form of rogue exploration company. Indeed, some companies who have no resource, no drilling appear to have similar market caps, its crazy when you think about it. BAM is the real deal and will be a mine.

Ultimately most undervalued companies revert close to fair value at some point. Patience needed.

[blind_fortune] 23/6/2021 09:40

Trying to understand this four million ounces comment. BAM is 1 million ounces at 1.02g/t. We expect this to go to 2 million with the additional drilling. Of the current 27000 meter drilling program they must have around 5000 meters left. So where are the other two, potential, million ounces, is that likely from Lemaune which is a lookalike to BAM but has had hardly any drilling to date.

[sportbilly1976] 23/6/2021 08:25

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@landore_plc
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#LND $Gold ⛏

‘Because of a decade of exploration underinvestment, there has been no major new gold discoveries in the last four years’-Crescat Capital.

We hope to change these stats in the near future.


I wonder what classifies as a "major new gold discovery"?? 2Moz from the slide

Add this to the existing 1.015Moz and we are getting close to Bill's recent comment about having potentially 4Moz resource.
Cannot see any major producer etc standing by and letting this one escape...recall conversations have been happening since February...I doubt the MRE gets formally released before an initial offer is put forwards

[jmr_gold] 22/6/2021 17:27

HAHA - we wont dip below 30. Results are due every 3 weeks (see BH interview), the past two have been released on Monday 3 weeks apart, means results should be due next week and i would guess on Monday. We know we are waiting for the assays drilled in the bonanza zone....thats all i will say

[hoppy13] 22/6/2021 16:06

Baaaahahahahaa!!! Do yourself a favour chutes

[chutes01] 22/6/2021 15:51

wedge broken down here, disaster for share price as warrants continue to weigh heavy on sell volume side, could see low 20's (1p old money) over summer.
Recent fund raisers at 30p taken their 20% and moved on.

[idle jack] 22/6/2021 12:22

https://twitter.com/IdleJack/status/1407294295762165760?s=19Also worth asking sprottmoney for comments. They say email [e-mail] with questions for their podcast