Member Info for Samroy

https://www.mining.com/teslas-battery-metals-bill-balloons-to-100-billion/

Here’s a snippet from the article a very interesting read

At today’s price Tesla is on the hook for a bit over $100 billion for the 11.1 million tonnes of raw materials it needs to build 20m cars.*

That’s up from $44.8 billion for the metals entering the battery and electric motor supply chain at the time the production goal was announced.

The jump is mostly on the back of an astonishing 8-fold rise in the price of lithium over the period, which in July averaged more than $60,000 per tonne. In July, lithium made up 46% of the total cost while in September 2020 it was only 11.6%. The persistent high price of lithium is also playing havoc with the economics of LFP batteries – which most EV-makers want for entry-level runabouts.

Nickel made up 25% of the overall bill of materials two years ago, now that portion is 15.7% despite a 40% increase in the price of the metal since then.

In March-April when battery metals were hitting multi-year and all-time highs that total was $131 billion.

Bar lithium, prices have pulled back sharply since March (cobalt is down from a peak of $92,000 to under $50,000) but through to the end of the decade most, if not all these commodities will likely become more expensive as supply struggles to keep up with demand.

As automakers (and the renewable energy sector) scramble for lithium, nickel, cobalt, graphite, rare earths, aluminium, manganese and copper securing supply may ultimately be a bigger issue than costs.

Exit strategy
At some point everyone here will require an exit….. Bill, Glenn and co, our major shareholders, Sprott, Canaccord, Arconas and even some of the Pi and LTH who hold 1-2% or more, but under 3%, plus the rest of the smaller shareholders. we are currently in the process of some sort of corporate action that could/will produce an offer that could/will start the ball rolling for an even better offer. Everybody here should have some knowledge of what these assets are worth from recent and past articles on M&A and must surly conclude that a £20m market cap is not our real true value or the value of the likely offer we could/will achieve.

We are priced so low that we have got a lot of attention from perspective suitors and Bill alluded to this fact in recent communications saying that several majors and mid tier miners are looking at us and we know that these are doing DD.
At the moment we are being priced as a failure and in my view that is far from reality because there is real true value on every asset we own.
This sales process when concluded should/will give us all the exit we require and I believe it will be multiples of where we are today.

“You've clapped this up hard for a few years now Samroy”, NTM I’ve not been in a full 12 months yet. I have been slowly adding and I’m still adding to date I am here for the “end game when it comes”. Yes there is possibly a few problems the biggest being a seller who decided to sell down for whatever reason. However this gave everyone a fantastic opportunity to take advantage and build a stake here. It’s a pity you have reduced according to you, but because of your impatience and growing anger I believe your posting isn’t of someone who actually holds any stock here. I haven’t actually looked back at your post history because I don’t need to I remember some of the rubbish you have typed over the years, you have been in another stock I held and you was a constant moaner on that one also and where we met in the past, which we all did very well on in the end, that also explains your confusion regarding your “few years now comment above” One thing we do know is that we are currently involved in a strategic review which will lead into the next stage of the sale process after September 30th which isn’t that far away. I believe there will be several participants taking up the opportunity to enter the next stage and whatever the outcome I’m sure Bill will get some sort of deal over the line in the future.

“Certain posters” need to be ignored on this board, they have absolutely no credibility whatsoever with their derogatory slurs and comments. You only have to read their post history to come to this conclusion. Have a good day all.

https://gotothunderbay.ca/wp-content/uploads/2021/06/resized-map.png

https://gotothunderbay.ca/key-sectors/mining/

https://www.rumbominero.com/canada/landore-resources-iniciara-programa-de-perforacion-en-felix-lamaune/

Mon, 25th Jul 2022 17:09

RNS Number : 6713T
Landore Resources Limited
25 July 2022

25 July 2022

Landore Resources Limited

("Landore Resources" or the "Company")

Exercise of Options, PDMR Dealing, Issue of Equity and Total Voting Rights

Landore Resources Limited (AIM: LND) announces it was notified on 25 July 2022 that William Humphries, Chief Executive Officer, exercised options in respect of 300,000 ordinary shares of no par value at an exercise price of 16.1 pence each ("Share Options"), for which funds of £48,300 have been received by the Company.

Following the exercise of the Share Options, William Humphries has an interest in 5,916,041 ordinary shares, representing 5.13 per cent. of the enlarged issued share capital of the Company, and has 3,450,000 share options outstanding.

Issue of Equity and Admission

Application will be made for the admission of the new ordinary shares pursuant to the exercise of the Share Options (the "New Ordinary Shares") to trading on AIM ("Admission"). The New Ordinary Shares will rank pari passu with the existing Ordinary Shares and it is expected that Admission will become effective on or around 8.00 a.m. on 29 July 2022.

Following Admission, the Company's issued share capital will consist of 115,346,391 Ordinary Shares with voting rights. Landore Resources does not hold any Ordinary Shares in treasury. This figure of 115,346,391 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Hi Samval the second video is just as good Imo it’s just how you look at it, in the real world a 1gt open pit mine with potentially 3-4-5 million oz deposit that Bill alluded to in the recent interview is a very valuable asset. It’s going to be a interesting few months ahead to see just how good the next batch of drilling will be. Have a good weekend all.

Ford also signed nickel deals with mining firm Vale’s units in Canada and Vale Indonesia, China’s Huayou Cobalt and BHP in Australia as well as lithium contracts with Rio Tinto from its Rincon project in Argentina.

Furthermore, the automaker signed a letter of intent with EcoPro BM and SK On to establish a cathode production plant in North America, as well as a lithium offtake agreement with ioneer from Rhyolite Ridge project in Nevada, US, beyond 2025.

It also signed a memorandum of understanding (MoU) with Compass Minerals for lithium hydroxide and lithium carbonate from Utah, and with Syrah Resources and SK On for natural graphite from its Louisiana facility.

https://www.mining-technology.com/news/ford-deals-mining-ev/

Below are two links to two videos that I thoroughly recommend all to watch one is about soil till sampling and the other is about drill results. It will enlighten some here and help some who don’t understand or know just what LND have got.

https://youtu.be/suffJCvSJUM

https://youtu.be/0-QcM4l43vw

At the time that trade went through anyone selling 500k shares today would not of been able to sell that many for that price. Just like at the time prim purchased their 1 m at the time it was 25.99 to buy 500k I was active on L2 at the time and know this for sure… so imo these have been purchased through the broker possibly by prim all will be revealed in time.

Sorry I’m out I can’t do your research for you. Just Google like I say

If you Google you will see Mr sprott hasn’t taken his warrants on a few companies recently not just LND so for me that means nothing. Huddlestone did sell but still holds over 3million and still holds these to date.

Good find billy very interesting. He might be having an H2 re assessment could be getting ready to take his warrants here.

Sam Ulrich, director at Perth-based Aurum Analytics, says gold grades “are not the be-all and end-all”.
“At the individual deposit level grade is king, but when comparing two or more deposits it is not,” he told Stockhead.
“When you start comparing different mines – that’s when the idea can fall down.
“One deposit/mine’s 7g/t might be equivalent to another’s 4g/t.”
Let’s look at Australia’s lowest cost mining operations.
In the June quarter this year (2019), Evolution Mining’s (ASX:EVN) share of the Ernest Henry operations was the lowest cost producer, reporting an AISC of $-644/oz followed by Newcrest Mining’s (ASX:NCM) Cadia Valley operations with an AISC of $174/oz. Both these operations boast average gold grades of less than 1g/t. (LND is 1g/t) And yes, you read that right — negative $644/oz. That’s because both these operations benefit from significant base metal by-products.

(LND have Gold and base metals in the same area and proof here they can be mined at the same time so could our AISC be reduced with this in mind?)

And even if you take these base metals credits out of the equation, the lowest cost “gold only” operations were Kirkland Lake Gold’s (ASX:KLA) Fosterville mine with an AISC of $454/oz (39.9g/t), then Alkane Resources’ (ASX:ALK) Tomingley mine at $807/oz (1.2g/t) and Saracen’s (ASX:SAR) Thunderbox mine at $897/oz (2g/t).
(All a lot more now with inflation)

Bill said in the presentation we have potentially “3-4-5 million oz Gold open pit” and “he meant it” and also in the sale “we want something for the Gold something for the Nickel and something for the prosperity” and I think he will get what he wants when it comes down to the negotiations. The other thing to consider is all the companies around us that are producing and for every 1m oz they extract they will have to replace it, so it would make sense for them to be looking at us. We have 31km of strike length just how much gold and other metals is in there is anyone’s guess we have 1.5m oz Gold in under 5km of strike and from what I can see from the soli sampling etc it all seems continuous. Felix in my opinion looks even bigger than the Bam and could be even more abundant with gold etc. and if we do actually do any drilling it will be interesting to see what it contains. The market has already priced in the dilution for these warrants being taken hence we are at 20p ish now.
It’s going to be interesting how many get taken, not long to wait now.
Interview next week I presume.
Have a good day all.

https://www.ceodigest.ca/lithoquest-resources-makes-option-payment-on-miminiska-and-keezhik-gold-projects/

Looking forward to this interview…. Good luck LND team.

https://twitter.com/landore_plc/status/1539133505392848905?s=21

Very interesting article. The clock is ticking and our time is coming. Have a great day all.

The one reality mining companies can never escape is the inevitable depletion of its mine's resources. This truth adds pressure to senior mining companies to acquire new discoveries, exploration/development projects, and producing mines.

Higher gold prices spur on this merger and acquisition lifecycle.

In 2021, the price of gold reached multi-year highs, in part to the impact of Covid-19 shutdowns and economic uncertainty. This renewed interest in gold spurred the plans of many gold majors to acquire assets around the world.

For the top 10 acquisitions, over ~95 Moz of gold switched hands in 2021 in deals valued at over $17.5 billion for TSX and TSX-V listed gold companies. From our calculations, this implies a $/oz average valuation of $144.11 per ounce of gold.

The most expensive deal, from a $/oz valuation was Fortuna Silver’s acquisition of RoxGold and its producing Yaramoko gold mine and its construction ready Seguela project. The largest deal by deal value was the merger of Agnico Eagle and Kirkland Lake Gold.

Here’s the link
https://thenugget.prospectorportal.com/top-10-gold-takeovers-for-2021