Member Info for Urbanracer

I’m watching the weather forecast like a hawk HAT.

It would appear that temperatures in the Pilbara are (as you say) currently in the 40’s however the good news is that from Saturday daily temps appear to start dropping by an average of one degree a day so that the region is in the high 30’s by Monday and mid thirties by Thursday.

Looking good for the start of the next campaign I reckon.

Get the WD40 out!

Regards. UR

You never know Spy; you never know!

Fab company to be invested in.

Good luck.

UR

Bloody hell Spy.

V impressed.

UR

Newcrest’s Chief Development Officer, Michael Nossal, said “We are excited to enter into this partnership with
Greatland Gold on their Havieron licence. Greatland Gold’s exploration to date has intersected significant
mineralisation only 45km from Telfer’s extensive infrastructure and processing capacity. Further exploration at
Havieron is in line with our strategy in Australia of looking under-cover and it is becoming more and more
evident that the Paterson region is highly prospective for under-cover discoveries. Having existing infrastructure
centred in this highly prospective region shows the latent option value embedded at Telfer.”

Goldfields- Esperance sorry, (predictive text)

Tantalisingly quiet

Mads,

I fully understand your frustrations and also was confident enough for a couple of top ups.

Two points though:

Drilling mentioned but not funding.

Pull out of investors forum.

Reasons for optimism yet perhaps.

Keep the faith (or whatever bit you have left) Mads.

UR

.....on days overall figures (fundamentals) I mean.

Mads,

Just rechecked and only the sell at 12 ish (4107) is showing.

Weird

UR

Hi Mads,

Yes it is odd timing. So odd I checked the fundamentals last Friday and the mil sell you refer too was not showing. I saw todays sell and so checked todays Fundamentals before I read your message and saw that todays sells are 4107 only. Both were sells on the face of things (and not just shown as such) so why did neither show on the days overall figures?

Cheers pal

UR

Some still using Asdic Dirkus.....

For those of a nautical bent!

Tell you what Mads; I cannot disagree with the way you are thinking. Very interesting times here.

UR

Thanks Dirkus.

UR

Hi Mads,

Yeah I agree re p2. RP is talking about moving foward quickly as they already have a mining lease. He then says this will have funding requirements or a jv partner and says the latter is the preferable option.

UR

Mads,

Lets hope its your last consideration....(see my point 1)

Just at work but a quick re-listen to RP with AS and key points perhaps..

1. Fairly confident of PEA during Feb.
2. Thinks JV a better option than funding.
3. Interested potential jv partners. (Plural)
4. Really good understanding of JL geology
5. Beleives sat on multi million ounce resource. Have identified other similar anomalies to Bam E.
6. Mining...
A) much of pre feas done
B) could move quickly
C) very attractive as conv milling can return 98% recovery thereby overcoming concern s about grades (1 or a little over 1 g/t
D) Gold price current and forecasted further rise.

Looking good and I think bullish reason for non attendance is a strong possibility.

Regards

UR

Interesting....

Could look at that in a couple of ways.....

UR

Ramp,

That’s my point exactly. I see where Mads is at completely and if the more blue sky drilling had been negative I would have no doubts that an outright sale would be preferable. In the event though, the other drills put down have been positive and don’t forget they stepped out a km or so during the 2018 (4 holes from memory?) and pretty sure all were positive. I need to check though. As such you can’t help,but wonder what else JL is sat on.

UR

Hi Mads,

Fully agree and that’s why I wonder wether JV to push this along as to regards mining AND further exploration would be preferable to buy out. I appreciate the grades are not spectacular but Bam East remains open and other holes drilled variously on JL have returned positive for gold. 31 km potential even at 1.0 - 1.4 g/t would be huge, and, as you say, there is the nickel and other commodities present. As such, a sell out may short change us .

Thanks again for your views.

UR

Must admit Mads I did buy a few this morning. Just have a feeling......

Mads, Mud,

Thanks v much for replies.

Mud. No mention of fundraising yet which I find puzzling as they must be out of funds soon after last drill campaign and costs around assays, Jorc updates, metallurgy report and pea. This possibly hints at funding through other methods.

Mads. Like you I have been here a long time (8 years now). I discuss LND regularly with a mate of mine and must admit I am torn between a total sell off and JV. Totally agree with you that they haven’t much (any?) chance of moving forward alone but worried that a sell off may result in this going cheaply. You would think that BH and RP would want the best out of this and I am worried that LND may be sat on a proper multi million ounce resource here well in excess of the current 950,000 (jorc) plus 40,000 oz figures that would interest a major let alone a mid tier company. As such, I wasn’t sure if a JV would actually be more beneficial to pi’s in these circs.

This was why I was keen to know your views as RP stated to Andrew that there was (or were) potential JV partners talking and that they were waiting for metallurgy and also (probably) the pea which he reiterated would still be completed during this month.

Either way Mads I get the distinct impression that things are finally happening.

Hope this works out for you / us either way after all this time and sometimes worry.

Cheers

UR

Mads,

Interested to know what you made of RP’s iv with Andrew Scott.

His closing comments around potential JV were very interesting and suggested to me that such a venture is a good possibility once PEA out and fully digested.

UR