RE: sp15 Nov 2021 13:20
small volume, drilling should now be close to be completed in the western extension, closer to the updated MRE.
They already have close to 1Moz of resource in the MRE, an increase by 30%-40% will add significant value to the company. Apollo sold 1Moz of gold for £100m recently in australia, canada is just as good jurisdiction and LND has signed Confidential agreements with the big boys, a sale is not far.
we forget the battery metals, which is worth just as much as our gold.
The company has spent £40m in exploring and proving up metal resources and here we are trading below that at £27m. It is absolutely strange that we trade below that, the metals in the ground are worth in excess of $3bn.
LND holders will have their day, rich flow of news till Christmas.