LNR 0.00% 0.3¢ lanthanein resources ltd

au porphyry resource table, page-94

  1. 1,411 Posts.
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    Gee linliu88 - they did the SPP at 23sp as that was the price with a 20% discount on the previous 5 days trading. And thankful they did as it reduced the dilution and allowed us to buy what capital equipment we needed to determine what is at Andewa.

    I noticed the price but U haven't log in all day as I'm holding for long term results no daily changes. I'll love to have some spare cash to top up, but then I'll be averaging up :) though increasing my quantity.

    There is an abundance of news coming fro FNT, the news so far has been what is expected from Andewa. Things that come from left field is the OK Tedi drilling and that is finally underway.

    In regard to the weather affecting the drilling. Peter explained different parts of PNG get different monsoon influences, almost a north-south. Jus because its the rainy season, does not mean its raining where the drilling i,. It will chary from year to year.

    The fact that OK tedi is currently drilling means that they are not being impeded by the wet season at this time and we'll have results from them before Christmas.

    Andewa according to Peter has its own micro-climate which also helps.
 
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