Member Info for Urbanracer

Landore added it expects to update the PEA and resource at BAM Gold by the end of the year with drilling currently underway.

This is designed to establish BAM as a multi-million-ounce gold deposit.

Canadian mining junior Landore Resources Limited (LON:LND) has highlighted the sensitivity of its BAM Gold project in Ontario to a rising gold price.

A value of US$123.7mln was placed on BAM using on an extended mining case in a preliminary economic assessment (PEA) in February.

Landore says at a price of US$1,430 per oz, BAM’s estimated value rises to US$175.5mln.

However, the spot price of gold currently is almost US$100 higher at US$1,523 per oz.

Wonder what those ‘step out’ cores are looking like.

Results must be getting nearer.

Paddy,

Good lad!

UR

Paddy, Tiburn et al

Looks like other things on delegates minds at the D and D; This headline from today’s The West Australian......

Diggers & Dealers 2019
Palace Hotel’s ban on skimpies during three-day forum lasts just one night after delegates complaint about lack of scantily-clan servers.

Normal service resumed!

UR

Mads, Nice

Good posts gents with loads to ponder over.
Be great if we get answers sooner than later.

Cheers

UR

Fair post Nice,

Been dabbling in Aim for 25 years. Picked some good un’s and some bad. Been in lnd since 2010. Like you think JV more likely but who knows.

Keep the faith.

UR

Morning Nice,

Had to chuckle at yer post but at least we play nicely; some other boards are scary. I wish other posters would come on here with their views .

I did let this scenario play out in my mind whilst driving mega distances over last two days.

Me to self: That looks like a buy.
Mads to board: I have topped up.
Me to self: If Mads is pos I will have a cheeky one as well.
Dirkus to self: Hey a fews buys...maybe something bubbling. Ill have a few more.
RampingD : Whats going on. Is there a leak. Where my wallet....

Etc etc Etc.....are all the recent buys just us!!!!!

Cheers Nice

UR

Mads,

Wouldn’t want it any other way. I enjoy your posts; warts n’all which is how it should be. I also endeavour to be realistic but have to say I am becoming increasingly excited about this company and BAM in particular.

My issue though with your POV is this. BAM is a recent discovery and (in exploration terms) has been progressing quickly. If we did go for an outright sale of either company or, as you suggest, the BAM project, we may miss out. This is because of the 1.4 versus multi million oz scenario.

I reckon a possible cause of the recent blackout / 2019 drill prog was because of talks and perhaps a failure to agree on whatever was on the cards was precisely because of this point. This is why I think that the 7 km step out towards Lamaune is so important. If that IS positive then the picture would be clearer to both / all ? Parties and THEN a proper course of action decided upon be it JV, BAM sale or outright sale.

All that is conjecture and could be a million miles out but are my views.

What you reckon Mads.

ATB. UR

Mads,

Positive thoughts only now. You have topped up, the omens from Mme Una’s are good, and the curry night for the LND boyz beckons.

Sod PGD now it’s in the past. I lost out also. This will come good pal.

UR

Mads,
I think think this is is going places now irrespective of the past. I reckon 1.4 mn ounces is in the bag and am hoping that the step out drills towards Lamaune are good. If they are then this could move from significant to huge. If that is the case and a JV is agreed rather than sale, I am sure that things would progress rather more quickly with a multi rig set up rather than how things are (have to be) at the moment.

We don’t need to be in production to see SP gains if drill results are good.

Just imagine what stellar results would do to the price.

UR

Qu'est-ce qui se passe mes enfants!?
Sumats afoot!!
UR

Excellent Mads,

Started to type 8 or 9 times today having seen the trades (8 in a day.....unheard of lol) all of which appeared to be buys (pretty much nailed on Now if yours was shown sell) but deleted each time as didn’t want to put the mockers on things.

Could this be the start that leads to the LND Massif curry night!?

Hope so.

UR

Now then Dirkus,

Hope yer recovered fully from the Corona?

Whilst you are in the mood for conjecture, what do you reckon about the latest figures for Ni and Au? Not too shabby eh?

Just wish we could get a sniff about what the cores are showing. As you suggest, there must be a fair few out the ground now. It’s those being drilled in the 7 km ground twixt BAM and Lamaune that I can’t wait to hear about. If they are good we MUST be onto a winner.

Summer breeze and all that!

UR

Soz re odd typo

Jersey,
There suddenly seems to be a lot of talk around this subject at the moment. One of Ggp’s Exploration Principles (see Co. presentation) reads

‘Where possible, to retain 100% ownership of the project in order to provide flexibility to accelerate range of options for development and eventual monetisation (sale, joint venture, spin out via IPO).

It is therefore clear to me that GH has no immediate intentions of disposing entirely with any of their licences LET ALONE Greatland Gold. If there is a buyout (I accept that strategies can evolve) of Havieron by full agreement between both companies, surely it would be the license (ie project) only. There is nil to suggest that Ggp is for sale and any therefore would any takeover or attempt therefore not be hostile?

My view of a company takeover is that it would curtail Ggps exportation activities which appear to be pretty successful (thus depriving majors or mid-tiers of future discoveries) and would also mean that the acquiring company would inherit projects in which they have no interest in developing.

I certainly do not want an entire buyout and wish to see Ggp develop in line with GH’s overall strategy.

UR

Dead right Paddy; I hate Birmingham!
UR

Thought it a bit odd Mads.
Happy to go with your 'OR.............'
Cheers
UR

In a nutshell........

These works are aimed at establishing that the Junior Lake Property has the potential to host a multi million ounce gold deposit.

UR

Interesting article today on VTM by Daniel *****.

Concluding para reads:

Can Greatland deliver?
Heddle’s plans are ambitious. However, they are by no means inconceivable. Within Paterson alone, Greatland boasts a substantial initial financial commitment from a global resources leader that could lead to a game-changing mine alongside additional projects and unexplored targets to boot. When this is combined the firm’s strong management team, wider portfolio prospects, and its cash in the bank (£4m as at 31 December 2018) its future potential seems bright. With Greatland’s shares falling to 1.7p since hitting 2.3p when the Newcrest deal was announced, a favorable Havieron development decision and steady exploration progress elsewhere could well prompt a re-rate.