Landore Resources Share Discussion Threads

[the skipper] 22/7/2021 13:47

Hope everyone has registered for today's webcast at Proactive. I am out fishing at the moment and might not be back home in time,so any feedback would be appreciated.

[chutes01] 21/7/2021 13:11

100k buy, value adding

[sportbilly1976] 21/7/2021 10:23

lochlea,

...that is down to the Company's which purchased the resources Bill & his team found to explain, not Landore.

[lochlea] 21/7/2021 09:55

Don't wish to put a negative spin on the 6.5M ozs but just for balance how much of that gold has ever seen the light of day? Less than 3%?

[sportbilly1976] 21/7/2021 09:31

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@landore_plc
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#LND $Gold #Ontario #mining #metals

The executive team have led the discovery of over 6.5M oz of gold, Brancote Holdings Esquel Gold Project 3.8M oz, Patagonia Gold with four projects for 1.9M oz and the growing BAM gold deposit.

[jmr_gold] 21/7/2021 09:19

Yes i think a few traders bought in anticipation to sell into the rise of further bonanza results. The rise didnt happen and then they dumped. The actual results were fine, higher than the average BAM grade. Bottom line is this still has the best fundamentals of any AIM junior miner and 27p is a steal. But yes, that's rubbish re. option price, false 15% premium given yesterdays drop.

[lochlea] 21/7/2021 08:57

It's probably academic.
They have granted themselves zillions of Options over past 15 years.
None I think have ever been exercised. And are now time expired.

[timbo] 21/7/2021 07:43

Options at 32.315 pence??? Share price was 42p less than 6 months ago!First impressions are that this bid too conservative. I would have preferred more options granted at a higher price to show serious intent.

[the skipper] 20/7/2021 16:15

Missed the news this morning as I had forgotten to set an alert. Drilling results are encouraging with more to come, but seems that some are destined to keep selling regardless of news. Hopefully Bill is holding back the best assays until the seller(s) out.

[chutes01] 20/7/2021 15:24

very poor today
looks like many were primed for amazing results, never came
chart broken down as resistance gone

[sportbilly1976] 20/7/2021 15:15

Well that went down well.

Looks like only the updated resource report will get the share price to rise...clearly investors want the gold M oz figure in black and white.

Bill's presentation needs to be stellar

[the skipper] 16/7/2021 22:08

I see that Landore are presenting at Proactive's One20ne investment forum next Thursday:

This must mean that there will be a drilling update next week imho.

[sportbilly1976] 15/7/2021 09:02

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@landore_plc
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#metals #Iron $Gold #LND #Ontario

Focus on Lamaune Gold

Conceptual Exploration Target of 1,350,000 to 1,650,000 tons 50,000 oz Au.

11,644 Metres of drilling.

Significant exploration upside potential.

[chutes01] 14/7/2021 10:54

chart looks better now

[sportbilly1976] 14/7/2021 09:43

wind,

nope...it doesn't but one day it will....other deals also highlighting both the value here and also but default the mismatch between resources, price and what's being paid for competitors.

Corvus Gold takeover for example with their two projects:

Project 1) Measured & Indicated 1.55, inferred 0.17

Project 2) M&I 2.1, Inferred 0.41

Total 4.23Moz, takeover at $400mln or $95.oz

If further assays and the MRE planned for autumn gets us to just 2Moz (Bill seems to be hinting at more), and without including any value in the iron and nickel, then the read-across value here is ~£1.15

Even using NPV comparison for Corvus will come to a similar price on just 2Moz

[windclipper] 14/7/2021 08:36

Billy, the iron ore alone must have a value near the mkt cap here. Then there's the gold at Lamaune, the BAM gold closing 2m oz and the nickel, etc.Market doesn't seem to appreciate this.

[chutes01] 13/7/2021 14:05

all ties up then, lets see how it plays out ahead of next weeks event

[sportbilly1976] 13/7/2021 13:13

chutes,

they mentioned delays due to external parties - my interpretation of this is the lab guys.

Proactive event next week (22nd) and they expect to update the market ahead of that so I'm guessing they have had notice of results to come

[chutes01] 13/7/2021 12:34

they did promise further results from vicinity of bonanze drill, why are they being held back
has the suitor asked for this

[chutes01] 13/7/2021 12:33

thanks billy, strange that drill results have dried up here

[sportbilly1976] 13/7/2021 12:06

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#metals #Iron $Gold #LND #Ontario

Following the earlier tweet a bit more information on the Lamaune Deposit.

12 Km potential strike length

Near key infrastructure

At surface, so low cost.

Sits within the Junior Lake area

[sportbilly1976] 13/7/2021 09:45

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@landore_plc
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#metals #Iron $Gold #LND #Ontario

Spotlight on the Lamaune deposit.

In addition to BAM Gold Junior Lake holds a lot of assets for a junior exploration company!

300-500m tonnes 25-35% Fe iron target.

50,000oz Gold

Both open


Iron ore price currently around $215/mt for 62% Fe - so adjust the mt figure to equalise out the concentration still gets a near $-bln resource value