The latest commentary from Warick.........................................
"Lindian Resources (LIN) reported a mighty intercept of 854m at 2.73% TREO (down hole), from a depth of 52m. Additionally, it completed a $35m placement that enabled the payment of the third instalment of US$10m towards the purchase of the Kangankunde Project. It now owns 67% and has to pay only another US$10m, by July 2026, to secure the remaining 33% of the project. Just last Thursday, Lindian announced a maiden Inferred mineral resource of 261 Mt at 2.19% TREO. The Company describes it as an “outstanding outcome” achieved in about 10 months, with 14,000m of drilling.
While this is a substantial resource, the license will undoubtably hold more than twice this tonnage. The grade is good, but any mine plan will involve a range of domains and grades such that higher grades may be mined in the early stages. Having a maiden resource is an important step along the road and a door opener to the commencement of off-take negotiations. We continue to believe that Lindian could develop into a powerhouse rare earth company in the future.
The market capitalisation of circa $408m (pre placement) should be compared with that of Lynas Rare Earths Limited, which is currently $6.5bn. That is what can be achieved with a world class deposit, once it is in production. Whether or not Lindian lasts long enough to reach this size depends upon how appetising it is to leading companies that want a meaningful size project upon which to build a new rare earths division. Think of BHP and RIO as potential suitors. Then again, Fortescue could be in the game as well. There is something appealing about a > 50 year mine life for these companies. "
He keeps on suggesting about potential suiters for Lindian.
I will be happy for the injection of funds but not entertain any takeover offer unless its in the $1-$2 range. Thats its future potential. Heard rumors about Fortescue's interest before. BUT is it a fact?
- Forums
- ASX - By Stock
- LIN
- Far East Capital Newsletter
Far East Capital Newsletter
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LIN (ASX) to my watchlist
|
|||||
Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $132.5M |
Open | High | Low | Value | Volume |
10.5¢ | 11.5¢ | 10.5¢ | $161.2K | 1.516M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1942 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 465936 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1942 | 0.110 |
2 | 49311 | 0.105 |
7 | 555001 | 0.100 |
1 | 202020 | 0.099 |
3 | 227000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 465936 | 7 |
0.120 | 598708 | 12 |
0.125 | 101402 | 2 |
0.130 | 198666 | 4 |
0.135 | 99528 | 5 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
LIN (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online