Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good point about Felix maybe they wanted to firm up/boost the oz from the current area before going to a new one...expecting 1.3m oz minimum MRE AND Info about the plan for the billions in battery metals in the ground.....a great few weeks coming up
I think that Demir that is a billion dollar company with some of the best experts and advisors in gold mining in the world want to do a JV with CGNR because there is only 500oz and not millions of ounces and also that they wont get to mine status because of all the planning issues and green belt issues as mentioned on this board - this way they will lose money....OR maybe Demir with these world class experts believe there is more than 500oz and that they will get to build a mine, get there money back and make millions in profit.....which one do you think this billion dollar company is going for??? jeeeezzz people talk some nonsense on here
Defo don’t want gold drilling to go into 2023 as the battery metals are worth much more and I want to see the plan for that once the gold MRE is out…looking for strategic update from the co at same time or shortly after MRE
Thats 2 billion just for that + 1 billion for the other metals. Once we know the plans for the gold whether its a JV or outright sale this year investors will know LND has the capability to monitize the battery metals which will be the second transformation for the company after cashing in on the gold. Target for me is 70-£1 SP 6months post MRE depending on the MRE results. Target is based on recent gold companies in Canada and other safe juristictions bought out for same amount of gold at the same stage of exploration.
Did you bang your head recently as that’s a good, informative and fair post?
Military policeman haha thats a new one on me
I’m not a ramper with wild speculative figures and never have been….apology accepted?
Mmm I must have been asleep when I wrote 2m I actually meant 1.3-1.5m as per my earlier posts when I quoted 1.3-1.5m…..nothing gets past UR …2m haha we wish
Haha - £100m would be more than enough to get the battery metals to mine ready status and to then sell that for multiples of £100m….will be next year when they firm up the battery metals as all eyes on the gold MRE and either a sale or JV to get millions minimum for the battery side of it. Not sure if there are any other gold plays out there with this much gold and battery metals. The gold business is the foundation to the future which everyone knows is related to electric vehicles and the predicted shortfall of necessary metals over the next decade. LND perfectly placed for life changing money from the shares IF they put the gold up for sale or JV which they have hinted they will if the MRE shows nearly or above 2m Oz which they have hinted it will. Roll on the next RNS!!
Can someone ask the Prof to plug it in? This is the biggest year in the companies history and we have heard nothing yet in 2022 ..the drill bit is currently turning when can we expect results...?
Updated MRE due early Feb as per RNS. It was due in Dec so it could be the first week of Feb which is only 3 weeks away. Will be intersting to see whether they mention anything about the rest of 2022 and what the plan is and whether its to look for a sale or to continue drilling. We know they are drilling Felix in March but whats after that? We should have 1.5-2m oz of gold and we need substantial cash to explore and sell the battery metals. A sale of the gold makes sense to us PIs is that what the company is thinking also?
I agree that this will re rate massively in 2022 towards 100p…I think once there is nothing left to sign off for the JV and 1st drilling results (if positive as expected) are known then the re rate will start. There are no companies on AIM with a billion dollar JV partner and 500k Oz of gold for starters at this low level. 2 dangers - 1) will the JV complete fully (looks good so far) 2. Is there more than 500oz in the ground (company has indicated that’s it’s a multi million Oz area). There are further dangers in 12-24 months such as mining permit but I’m sure many of us will have de risked by then with a handsome profit…it’s just a waiting game and hoping that the Irish governments sign over the licenses v.soon…considering the Prof is an ex Minister I’m sure conversations have been ongoing for the past few years about this very fact.
Even you John need to agree that’s a lot of gold in most of the holes and the increased MRE hinted at will drive the share price higher from next month
More gold found and an increased MRE due early Feb. Happy days!!
Are you the same person? Anyway agree with some valuations getting detached from reality- wouldn’t mind some of that here later this year once things get firmed up…
Fair point I read it wrong
You sprout some nonsense I’m not buying until 1000 posts a day….AIM used to get that number of chats a few years ago before people could plug a computer in and destroy the planet to create a coin which I will never understand or invest it….mineral companies are popular on AIM you k ow that so I’m rolling my eyes at your comment
Unbelievable…..this risk Vs reward here is plain to see ….
Not much happens in the first few days in the new year which is this week. Everyone starts to motor from next week including my good self. A juicy RNS on Monday would do nicely to get the new year off to a great start. In Bill I trust to deliver. Tons of experience in this management team and major shareholders and tons of gold and battery metals in the ground worth 100s of millions. Very soon this will be reflected in the share price. I personally can’t wait!!
After 7 years of investing on AIM, this is the strangest price action I have ever seen on a share. News like this used to result in 100-200% increases. The 200% increase in share price will come soon enough once everything falls into place. Very very few companies don’t get there true value within time and it’s normally those in dodgy locations in part of Africa where there is no rule of law. We are in Ireland which is obviously a safe place to be. Hold tight value will come once the JV moves closer to completion and and drilling results are know.