LNR 0.00% 0.4¢ lanthanein resources ltd

drilling, page-11

  1. 2,674 Posts.
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    Shimmer,

    You actually touch on a very good point. You are correct, we have had external interest in Andewa but have knocked it back. Whats funny is that we have had interest in Andewa from the get go, or more intuitively, when the project has unconfirmed gold/copper and other mineralization, where it gets interesting is that if we can confirm gold and other types of mineralization, what offers and what interest we will get then. All I can say is the answer to that will be, more interest and more offers due to the fact that the project will be de-risked upon confirmation of gold etc. The extent to what interest and what offers can be mind boggling. So if we find gold, not only will the SP run extremely hard, we also have near term/medium term potential for an early takeover offer. Bigger companies are going to want to look at this as early as possible that way they can hopefully get FNT for a lower price due to the inherent risks after confirmation of finding gold (sovereign, construction, legal, native and others), this lower price will still be at a premium to the SP after its run hard, so really, we could be seeing multi multi baggers within 12 months. I really do not think that is too far fetched IMO.

    This deposit could be breaking records.
 
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