RE: Come on LND22 Feb 2022 14:34
Resource value:
Nickel at $25,000/tonne and we have confirmed 76,000 tonnes with suspected 20k+ at B4-7 and VW...so say 100k tonnes - $2.5bln
Gold at $1,900 - 'all in' 2Moz must be there from just over 4kms of a 31kms stike...with further, similar mineralisations seen over another 7kms...maybe take a discount here and say 2.5-3Moz for the lot (the buyer to take the rest - including similar geology at Lamaune)....so $3.8 - $5bln in situ value for the gold
Round down to $7bln in situ value...Fx of 1.36 and 138mln shares in issue...even just 5% value put Landore on £1.88 a share
I've added more today and will continue to do so as/when funds are available