Ann: High-Grade Mineralisation Extended to 280m Vertical Depth, page-67

LDR definitely isn't alone in being hammered atm, plenty of good stocks on all-time lows or down 50% in the last few weeks.

It feels that there were too many traders and far too much hype on LDR's last set results so once things fail on a TA level it becomes a snowball effect then add on EOFY selling and here we are.

Perhaps the share price got a bit ahead of itself but it's easy to see why with the grades demonstrated by drilling so far which have been spectacular to say the least. Scale still needs to be demonstrated but one only needs to look at Adriatic Metals to see how economical a high-grade polymetallic deposit can be with a modest tonnage. Adriatic's DFS was only based on a 9.5Mt @ 450AgEq Ind. resource and is considered one of the best high-grade poly/silver developments in the world at the moment and its definitely not too far-fetched to see the potential for Webbs to deliver something similar if these grades continue at depth over the 3km strike known to date.

In my opinion, grade is the most crucial factor in most deposits, and LDR has delivered world-class results that I haven't witnessed any other junior mining company replicate recently. If they can continue to reproduce these impressive results, there is a potential that this deposit could be ranked among the lowest-cost quartile globally.

Time will tell what lies at depth, would be nice if there were 3 rigs turning like ADR but we are just a junior and need to use our cash wisely so patients will be required IMO.

GLTA