RE: Capital raise16 Feb 2021 17:17
Hmmm not sure Nice.
I am being careful not to overegg the ol’ puddin but if you look at soil sampling for 2020 on new corp. pres. and see how much further it extends both sides of Bam, then prospects look very very good.
I appreciate we have to show ‘what lies beneath’ and there is the rub. Start showing what that ‘true potential ‘ (their own words) actually is, allied to growth in resource via infill however, and possibly ally with some good deep intercepts, and you can begin to see why they have changed their strategy. And it is clear that they have. The 2020 winter campaign to prove 1.3 and 1 million plus potential seems to be old news now.
It may be that offers (of any kind) are not forthcoming, or it may that they are but nothing yet acceptable. As I said the other day, the drilling here is to build the resource; not to see if there is a resource to be built. As such, and for now, they have decided to push on with both infill and exploration. Mr Sprott is otherwise engaged with very difficult family matters, so they have gone down the placing route.
The bigger the NI 43-101 resource and the more they prove this ‘gold everywhere’ banner, the harder Landore is going to be to ignore.
I say push on now, keep drilling, keep building, keep discovering.