LNR 25.0% 0.3¢ lanthanein resources ltd

Ann: Heads of Agreement to Acquire 80% of Gold Ridge Mine/Project, page-17

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  1. 2,664 Posts.
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    Heatherbelle: NST did well out of other people's disasters.

    SBM didn't.

    I strongly urge all FNT holders to spend half an hour or so skimming the old SBM and ALD press releases.

    I see a few minor problems with the whole thing.

    Firstly there's getting the mine to a fit stage for operation after it was whacked around by heavy rains in 2014.
    Secondly there's getting any sort of production out of it at any sort of price point remotely within reach of the current POG.
    Thirdly there's dealing with a political situation that makes PNG look like a first world country.
    Fourth there's a work force that makes PNG look like Germany.

    Happy to sit back and watch what happens.
 
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