Landore Resources Share Discussion Threads

[stark industries] 19/10/2021 08:15

Added more down here
SP gas a lot of catching up to do

[frogkid] 19/10/2021 08:09

Right, I'm in for a few more, kept me up half the night!

[neo26] 19/10/2021 08:05

On a mission lnd..

[divmad] 18/10/2021 19:15

Makes you feel a bit sorry for Huddleston, don't you think?

[frogkid] 18/10/2021 19:08

Cheers Billy I will have a look

[sportbilly1976] 18/10/2021 18:17

frog,

Quite possibly - I must admit/confess I have not performed a NPV calc here as I simply do not believe LND will go into production, but have based calculations on asset/resource value.


Listen to this - the shareholder Q&A:




Clip from 3:30 where Bill gives a value of $1.8bln in ground for gold and $1.6bln for battery metals...this from existing drills (11kms of a 30kms resource at Junior Lake and similar at Lamaune)

Using a 10-15% in situ value comes to around £250-£375ln (using 1.37fx)...around 10-12x current market cap, a bit less once all warrants are exercised (£2-£2.50)

[frogkid] 18/10/2021 18:00

Am I correct with my sums. NPV is 8 times current market cap?

[frogkid] 18/10/2021 16:19

Hi Jack, no I'm notCheers.

[idle jack] 18/10/2021 16:13

https://t.me/landoreYou on there frog?

[geralt69] 18/10/2021 16:07

As i understand the news on the 21st july 2020
Sprott bought in at .675 pre consolidation 414,814,815 so approx 13.5p
he also has warrants for the same amount 1 for 1 at the same price.
Glad hes onboard been in LND for over 10 years been adding on the way.
Good luck to all who hold.

[frogkid] 18/10/2021 16:01

If i can't see it, touch it or hold it in my hands without it making a mess on the floor then it aint for me !

[frogkid] 18/10/2021 15:56

Cheers chutes, I don't touch energy or oil stuff Frog

[frogkid] 18/10/2021 15:55

Much obliged skipper and you all for helping to bring me up to speed. Lets see how it goes.Frog

[chutes01] 18/10/2021 15:50

believe Hudd is completely out, Hurricane energy, trashed many investors, price went from 55 - 1p, now 4p, looks a dead duck now

[the skipper] 18/10/2021 15:50

Hi Frog, can't comment on HUR but in relation to continued drilling there's this statement in the interims:

"Drilling will re-commence in mid-October at the highly prospective Felix area along strike and to the west of the BAM Gold Deposit.

The continued rapid progress at the BAM Gold Deposit, together with the possible future development of the other known gold prospects along this highly prospective 31 kilometre long Archean greenstone belt, bodes well for the future of the Junior Lake Property hosting a multi-million ounce gold deposit."

Off out for the afternoon now so that's me done for now.

[frogkid] 18/10/2021 15:44

hi chutes, so Huddlestone starting selling down in April 21 and got below 3% recently. we dont know if he will exit completely but a reasonable assumption. Whats this with HUR? I am tryin to absorb too much information!

[frogkid] 18/10/2021 15:36

Thanks sportbilly. So is this one of them places has to be drilled at the right time, too wet in summer, then eventually ground frozen in winter ?

[sportbilly1976] 18/10/2021 15:34

Previous guidance was that info for the MRE would be passed across as/when drilling finished...so it is currently being produced imo

when it drops - who knows!

[frogkid] 18/10/2021 15:30

Thanks skip , when is the estimate expected. I'm getting quite excited now and may have to clear my desk ! Its a lot to read!

[the skipper] 18/10/2021 15:17

Well done Frog. They are fully funded but not sure if they will carry on all the way through winter. Should find out on Thursday or Friday.

Bill has made no secret of his desire to retire and sell the company so I think it could all come to a head with a buyout during the winter anyway. Possible spin out of the battery metals prior to a sale of the gold resource following the PEA imo.

It's not often that a company discovers a shallow resource which might well increase to 2m ounces when the MRE is published, in the safest mining jurisdiction in the world. That's what makes it the bargain of the decade thanks to the two sellers who now appear to have left the room imho.

[frogkid] 18/10/2021 15:07

so, as i see it, funding for drilling to next spring, are they drilling trhough winter tom take advantage of hard ground?

been at it since 2005?

Got the mining licences

surface mine/not deep

Decent board by the looks of things

Excellent drilling results

good diversification of mineral, not just Ag

I looked at this before and discarded it, probably because it dont make any money, but the timing might just be right. I may add later in the week if the market doesnt meltdown!

thanks all, have i missed anything?

Frog

[frogkid] 18/10/2021 14:58

Hi skipper, I am a bit busy to go into this too deeply but just took 5k worth for a bit of fun! I will research further.ATB Frog

[the skipper] 18/10/2021 14:44

I see that David Burton has now confirmed that the long awaited interview should be available on Thursday or Friday:

[the skipper] 18/10/2021 14:31

Would be good to have you aboard the LND express Frog. Can't really see this rise faltering until we reach the 30p placing price where I first entered. Probably pull back a tad around those levels then on to wave 5 once the MRE and PEA emerge imho.