George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hate to see people at the wrong end of things but those invested here really need to wake up to the reality of the situation.
No pun intended but this looks dead in the water
Truck it out. ??. Come on surely that is a joke.
No its fully funded. Got a resource most others on AIM could only dream of, operating in a safe jurisdiction and is massively undervalued.
Not sure why they can’t follow sector specific investors. If I ran their account thats what I would do.
Whats any PR for? It’s to draw attention. Why do the likes of Lenigas follow 5000 followers and promote stocks on Twitter?
Its not low its not desperate it’s how social media works!
They are core drilling not assaying?
You guys really do need to brush up on the knowledge.
What a ridiculous statement
They have hit two skinny quartz veins with just higher than background readings for what you would expect.
The 4g one over 17cm (less than the average male *****) is not even worth mentioning
The myth around expensive gold is just that. Produce in commercial quantities and it sells at spot takinh away any ‘rare value’
These are very skinny. None above 29cm the length of a ruler and most below a meaningful cut off you would use in an open pit.
His nugetty comment refers to the perceived formation not what they have found.
This is a poor skinny vein thats revealing way sub economic grading. Anyone with an ounce (pun) of mining and mineral resource knowledge knows it.
This would be an awful result for an open pit in easy to mine rock structures.
Look at the length and overall grades.
One above 4g over a few cm.
They are awful and I am sorry for those invested. You needed 20g+ Over meaty lengths.
Only ‘nuggets’ will be those daft enough to buy this on those awful for this type of mine results. Sad thing is most of you probably know that but want to polish this turd to exit at others expense
Unbelievable lack of attention here on whats a unheard of drill result
To be brutally honest anyone with an ounce (which is one more ounce than ALBA will ever produce) of mining knowledge knew the set up of the RNSs was very poor and the waffle that proceeded them all just simply clouded the picture and allowed the ramp to continue.
The quartz veins are that, simply quartz veins with no or uneconomical gold, good for garden rockeries but useless for producing gold from.
The 'Welsh Gold Premium' lie is also just that, the second if you could produce quantity the scarcity goes and along goes the premium.
Busted flush here and the fugazi is crashing down to earth to around £5m mcap and thats generous
I have been saying for months the Welsh project is a fugazi, like all who tried previously.
Should have raised more aggresively at the peak to fund perhaps the one decent project in Greenland.
Today's RNS is setting you up for an absolute shocker next, kind of letting you down gently. The material they have is sub-economic, there is no defined resource, no gold in the assays they have drilled and no project worth of note in 2021 in the Welsh Mountains.
£18m mcap then for an early stage play in Greenland, hmmm I would be looking at other options if I was looking at resource investment than this.
Best of luck guys and don't be the one holding the baby here.
Needs gold numbers from assays. Otherwise its a load of waffle about garden rockery material.
Caveat being GGP have found gold in their host rock
Great RNS missing one thing though. Literally any mention of grades length of grades and GOLD.
Its a very very good rns. Just none promotional
Good post from advfn.
19 Jan '21 - 09:35 - 2352 of 2354
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Finally the market is awakening to LND. The PR is most welcome.
Currently 40p or Mkt Cap £37m or $50m.
My valuation is based on profit per oz.
All in mining cost per oz has been stated at being $800 or less.
At $1800 gold price thats $1000 per oz profit.
In ground valuation a VERY conservative 10% (could be 15-20% in reality) of profit = $100 per oz.
Current proven resource 1m oz = $100m or 80p/share
Post drill campaign resource estimate circa 2m oz = £1.60/share
That's very conservative and without any Blue Sky or Nickel Valuation.
All IMO DYOR :-)
When I see some of the market caps of much inferior metal plays built purely on hype I do wonder when the herd arrives here.
They will. Cream always rises to the top. Reckon its 50p plus and a good rise day on the forthcoming assays that gets this on the map
Visible gold in assays. Never a bad sign seeing that in drill reports pre-lab. When you think average grade here is typically lower grade shallow open pit levels this must be a very good sign from the deeper holes.
I am almost certain we will get assays this month.
The lab time is 6/7 weeks.
The first assays had been sent to the lab early December.
So we are right in the zone for first results.
Labrador hit $700m mcap at the peak of its last big move a decade ago.
What price now at peak $1bn.
Thats £100m to AYM.
If it happens.