10,000m of Drilling has started next to LEG!, page-4

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beckyo'sh

108 Posts.

21/04/20

00:07

Post #: 44153971

Originally posted by robbo24: ↑
Here's some CR1 history for you...

Our major tenement (subject of current drilling) was held by Ponton Minerals Pty Ltd (Ponton) under the tenement number 28/1727.

It looks like 28/1727 had to be split up for some reason, creating E28/2403 (CR1's project with ENT).

Now, if I need to tell you who Mark Creasy is then please stop reading and go back to your knitting but anyway Ponton is Mark Creasy's company.

In 2015, LEG and Ponton entered into their JV and work began:

So we're basically now drilling 10,000m into Creasy's old tenement that is adjacent to the tenement with Area D (now called Mawson) project.

The tenement also sits between Mawson (LEG) and Latern (GAL, also has a JV with Creasy).

Is this why LEG and GAL always omit CR1 from their maps? Are they mad? Is Creasy mad?
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If you look at who acquired the license when Creasey had to surrender the ground as part of his mandatory partial surrender terms....... it was ENT (Dermott Ryan) who worked for Legend (LEG)... so the inner LEG/Creasey team liked it but were forced to relinquish ground... maybe a deal with IGO/LEG/GAL sooner than later??

Look at the peer comparison between LEG-GAL-CR1 values... CR1 is hugely undervalued and with that cash the leverage is massive.

Fraser Range - Current active exploration programs (drilling)

1

2
LEG GAL CR1
3 Shares 2,382,128,578 120,400,000 35,000,100
4 Cash $11,000,000.00 $4,500,000.00 $4,800,000.00
5 Share Price $0.19 $0.27 $0.275
6

7 Market Capitalisation $452,604,429.82 $32,508,000.00 $9,625,027.50
8 Enterprise Value $441,604,429.82 $28,008,000.00 $4,825,027.50

	Fraser Range - Current active exploration programs (drilling)
1
2		LEG	GAL	CR1
3	Shares	2,382,128,578	120,400,000	35,000,100
4	Cash	$11,000,000.00	$4,500,000.00	$4,800,000.00
5	Share Price	$0.19	$0.27	$0.275
6
7	Market Capitalisation	$452,604,429.82	$32,508,000.00	$9,625,027.50
8	Enterprise Value	$441,604,429.82	$28,008,000.00	$4,825,027.50