LIN 4.55% 11.5¢ lindian resources limited

Ann: More Outstanding High Grade Rare Earths Assays, page-41

  1. 642 Posts.
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    Perhaps the market isn't excited by these late two announcements bc the results are to be expected. While these are the 1st modern drill holes this area is already well understood. One could say this is brownfields exploration.
    With a MC near $300m this isn't a penny play.
    Obviously we'd all like this to be flying because these are serious numbers the drill is pulling up but perhaps the market is looking for the next stage of news.

    We can expect the preliminary met work in the next 9 weeks. This will be new news for the market and worthy of a rerate. More importantly will be the mineral resource estimate due in Q2. Combing met work with a JORC, the analysts will be able to generate more meaningful project valuations.

    oh, and those 1000m holes could spark some new interest!

    hold tight. The best is yet to come.
 
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