IRR & Pay Back21 May 2015 20:33
I reckon circa £50 million has been pumped into LND since inception. And it'll be that sort of CAPEX again required to build a mine for any would-be purchaser.
Given the relatively meagre profit margins involved why will Sudbury be watching? For what? Quantities of palladium, platinum, nickel, copper, lithium, iron ore, gold? 18 months ago many analysts were predicted nickel would be in demand. It ain't happened. In fact nickel is on the floor with over-supply. Palladium might be a star performer in years to come, but will a Major really be interested in what LND have???????? Somehow I doubt it.
With well over half a billion shares soon to be in circulation I'd be amazed if anyone was willing to offer over 8p a share for this. Just about the price it launched at on AIM all those years ago with all the hype and ramping.