Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
26.046 - 26.1998 currently on 50k
Hope so...given the significant disconnect between market value and resource value, you would think they would have HNW / institutional clients happy to take some here
https://twitter.com/TommyT_5/status/1484129003447500806
Excellent summary table here showing why they wanted these recent step out drills added to the MRE workings!
https://twitter.com/landore_plc/status/1484053825501683715
With Nickel going from sub $24,000 to over $26,000 / tonne overnight....just the increase in nickel price over the past TWO DAYS when related to our I&I resource of 76,845 tonnes is over 4x the market cap of Landore.
Clealry the Board are looking to Landore v2.0 here - firm up the B4-7 resources (estimated at 18,000-24,000 tonnes in the 21st October rns)...firm this and we get over 100,000 tonnes - which Bill himself has said is the threshold at which majors look at us.
So sell the gold resources in spring'22 (£150mln+ / £1.25 or so)...use some of these funds to firm up drilling and get the I&I nickel resource >100k tonnes and then sell on this resource too, hopefully late '22 / early '23.
What price $3bln or so of nickel equivalent in situ resources?
Nickel now showing on Kitco as >$23,000 / tonne
Even at 10% in situ value it would be an almost 10x return from current prices, stripping at ALL value from gold & other metals.
From the same article, interesting to note the comment on the nickel resources.
From the news release last October, Landore has ~100k tonnes of NiEq...currently at $22,500/tonne that's over $2bln in ground resource
Ignore my post below...Landore sold on the Root Lake property 5 year sago (had tried to find the date on the Proactive link but couldn't)
apologies.
Lithium exploration deals being concluded on Landore's doorstep:
https://www.newswire.ca/news-releases/first-energy-metals-acquires-falcon-lake-lithium-property-in-northwestern-ontario-canada-829899855.html
Landore's lithium has not yet been fully developed:
"Lithium is a hot topic however, and it is easy to understand why Landore would be keen to trumpet the potential value of the Root Lake Property, 100% owned by Landore, which contains a historic resource of 2.297 million tonnes grading 1.3% lithium (Li2O) (not compliant to Canadian National Instrument 43-101). The lithium resource was defined over a strike of 500 meters and widths up to 19 meters.
In recent weeks and months, a plethora of Canadian based exploration juniors have turned their attention to lithium, as investor interest increases in the metal. Lithium is used in a number of applications, but it is the forecasted demand from rechargeable batteries for electric or hybrid cars that has speculators salivating about the potential future price of Lithium.
Landore for its part has been sitting on Root Lake since 2000, when the company acquired Brancote Canada. The Property, consists of 33 patented claims for a total of 513.43 hectares on which Landore owns both the mineral and surface rights. Root Lake lies 150 km east of Red Lake and 130 km north of Sioux Lookout."
https://www.proactiveinvestors.co.uk/companies/news/6170/landore-resources-dusts-off-historic-lithium-project-in-red-lake-mining-district-8136.html
MRE expectations....
I think we should be setting our sights for 1.4-1.6 Indicated & Inferred reserves...Bill's 2Moz was "perceived" (i.e if we were to extend out this is what we would get to)
Cash & shares receipt just ~2% of the current mkt cap, with a further 7% or so to come over the next 18 months.
All will be useful to develop the B4-7 and VW battery metal resources (estimated by Bill at $3.6bln in situ value)...plus any proceeds from the BAM gold resource sale too
Opinion edited...always been a strong buy for me at these levels
John,
I suspect assays and MRE will come as a package. The MRE was delayed at the Company's request to include the additional drills (the bulk of the prior drills potentially would have been included in preliminary MRE work)
We are still in the first week post new year...the MRE could easily come next week...
We just (frustratingly) have a few £10k traders at the moment taking a hundred quid or so stalling any momentum and rise, using the 26p mid-price as their buy/sell indicator
Personally I hope Bill drops a 7am rns giving both updates and even an initial approach from Barrick or another major, shafting the intraday traders
https://twitter.com/landore_plc/status/1476532190188122114
Pushing the EV metals quite a bit now...already mentally sold the gold resources so onto the next part of the Landore story?
Samval - good post, but from memory the two deals you mention were at £100mln/1Moz, not $
This brings read across value of 1.4-1.6Moz around £1-£1.20 or so for BAM, with all the EV/battery metal resource on top & Laumane resources as well
there's a background buyer taking most of them up
copied over from ad-v-fn & some excellent research from The Skipper
I’ve been doing a bit of research to establish why James Huddleston might still be dumping his warrant stock when news is expected imminently, and it seems that he became a director of IOS BIO some time ago.It has developed an oral version of the Covid vaccine and already has a worldwide marketing agreement for it: hTTps://iosbio.com/news/
On this page it is confirmed that he has become the largest shareholder: hTTps://iosbio.com/the-team/ and looking at the company’s filings at Companies House it seems that several of his family are also invested there. I would not be surprised to learn that they will either seek a listing soon or get bought out by Big Pharma, so it makes sense to me that he is putting all his wealth and energy into that, rather than having a negative view on LND’s potential, and of course he can only sell once so it should be coming to an end soon imho.
Just tried some dummy buys...it is NT at 25p
15k-95k is 25.2p however just 5k is 25.75p
Rns April'20 - fundraise and JH got 5,925,926 warrants - post 20:1 consolidation and the number is 296,296 which have been exercised today (no doubt forward sold)
Hopefully this is JH now fully out and we can move forwards - his selling down over the past 6 months or so has knackered the share price
Lab delays outside of Landore's control - I'm expecting a drilling update very soon which will hopefully also confirm their inclusion in the MRE too and possibly a hint as to their content? (1.4-1.6Moz, perceived 2Moz?)
Even on the existing 1Moz we are undervalued by factor x4 compared to recent M&A activity which would be excluding all the EV and battery metal resources.
Fully invested here otherwise would be topping up at 25p...