Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks for all the info. Good and bad news. I have invested this morning, this normally means the share price will slide for the next 6 months. Good news is then after that it will re-rate and double.
NTM Thank you.
https://twitter.com/stocktrader1_0/status/1450006091992113152?s=21
Fine posting Samroy !!
(Per my recent posts, the short term trading picture interests me alot here around now.. decent to good trading volumes are the obvious key to a good rally here around now.. and I'm not talking plenty of millions daily volume either.. I'm talking just a million and a half or two million a day thru this week..
Even if Cannacord had some left, it won't be a lot and their unload style seems gentle.. and even including a few smallish size PI '10 to 20% flippers' along the way... this s/p can readily enough push on strongly with even sustained semi decent buying here imho..so a few long players with even semi deep pockets may well be readily able to see this opportunity around now, perhaps?
(1,000,000 buying volume for eg is less than 250k gbp and, including afore mentioned selling, that would rally this s/p well from here imho) )
The BAM Gold deposit, discovered in December 2015, is located approximately 2 kilometres to the east of the B4-7 deposit and 1 kilometre north of the VW deposit. The BAM Deposit is situated midway along a 2.7 kilometre long, east-southeast to west-northwest trending MaxMin geophysical anomaly (MM-7) located along a highly prospective Archean greenstone belt which traverses the Junior Lake Property from east to west for approximately 31 kilometres. The favourable greenstone belt ranges from 0.5 to 1.5 kilometres wide and hosts multiple known gold occurrences including the Lamaune Gold Prospect.
The recently updated Mineral Resource Estimate (MRE) released in January 2019 has significantly increased the BAM Gold resource to 28,826,000 tonnes (t) at 1.03 grams/tonne (g/t) for 951,000 ounces of gold including 20,198,000t at 1.08g/t for 701,000 ounces gold in the Indicated Category. In addition, the estimation work has also modelled potential mineralised material in target areas adjacent to the current delineated deposits for a possible 14,761,000t at 0.93g/t ounces gold for a further 441,000 ounces gold, in the ‘Unclassified’ material category. The BAM Gold deposit remains open to the east and west as well as at depth.
2020-2021 Drilling Programme:
This drilling below has got to be included yet plus all the unclassified gold to be added in, as bill said all the gold comes out no cut off now with gold at theses prices.
The Drilling Programme, consisting of a total of 23,000 metres of HQ diamond core drilling, commenced on October 15th, 2020 and was designed to further infill and extend the defined BAM Gold Deposit resource of 1,015,000 ounces. To date a total of 21,933 metres of HQ diamond core drilling, comprising 94 drill holes, (0420-725 to 0421-818) has been completed.
So work it out with this included. The MRE is just around the corner so not long to wait for the official figures.
OK, I've sort of found the answer to my own question, by going back to earlier RNSs and the Feb 2021 corporate presentation.
The drilling program to delineate more resource than 1mn oz Au, is over an earlier planned 14,000m drilling total length. Historic finding cost $8.50/oz, US$. And importantly, 22oz of Au resource, per metre, found through the drillbit at the BAM deposit.
So, with 14,000m of this current drilling program, we can expect to add another 300,000oz of resource, taking the total to 1.3mn oz Au.
So it's a stretch to get to 2mn this year to be reported, or even 1.5mn, I think.
Comments?
Perhaps you can help me with something I may have misheard, then.
I was listening to a LND Proactive interview from a couple of months back, earlier this morning. I'm pretty sure that Bill said the historic cost of adding Au resources at the BAM deposit has been around "$8.50". I presume he was talking C$. In another part of the interview, and elsewhere, the target for this current MRE to be published in October (said many times by Bill in the same interview) was 2mn Au oz.
I can't get an additional 1mn of Au resource from the planned expenditure of C$2.1mn allocated to the 9,000m of drilling in the current program for which the last placing was meant, even using this per oz finding cost, let alone a higher one that Bill alluded to going forward.
What am I missing?
Here’s the full article. FYI
https://www.alignresearch.co.uk/landore-resources/landore-resources-big-news-from-2020-soil-sampling-program/
Also some you tube videos for new investors below.
https://youtube.com/playlist?list=PLnk_WM-WosgVBzALpp8cEf0qdkIxwhabK
Who wrote this piece, and when?
A standing joke was that they were going to call the project “The Periodic Table” as it has a mix of lithium, gold, silver, nickel, copper, cobalt, platinum and palladium. As far as the gold is concerned Landore is blessed with multi-million ounces of gold along a 30km + strike length. Truth is that the Junior Lake Property has one of the best addresses for gold mining in the world. A 1.015Moz resource has been delineated from just 6km of this highly prospective greenstone belt that extends across Landore’s acreage. A Pit Optimisation Review last year determined a NPV(5) US$370 million at US$1,900 gold for a 9 year LOM. A renewable 21-year mining lease is already in place.
This stock really deserves to capture investor’s attention as management is seeking to mastermind a possible full-priced exit. After messing around raising dribs and drabs of funding, last year the company raised a decent amount to really do the project justice. This well-funded infill/expansion drill programme, coupled with the arrival of eminent gold investor Eric Sprott as an almost 10% shareholder, looks set to re-invigorate Landore. On the cards is a big increase in the resource base plus further evidence of good continuity along the 31km trend and extension at depth. The feeling is that the gold deposits could lie along this strike length like a string of pearls. This is just what the major players are looking for.
In companies of this sort, management is probably as important as the project. Landore’s management team are proven mine finders who have discovered 7Moz of gold. Bill Humphries was MD at Brancote Holdings (1999 – 2002), a gold explorer with the same business model, which went from 14p to be taken over at 200p plus. It has got to be said that Bill knows how to get top dollar from bidders.