I alluded to LNR having a culture of survival in a previous post. To be honest, I think they had a little luck on there side if this was indeed a surprise for the management. I tend to think this was part planned and they knew they had something good but didn't really have the proof. I mentioned in a previous post also that Brian had mentioned the granites being very important without explaining why. Now we all potentially do, and its exactly what an exploration minnow with a market cap under $10M wants. Some naysayers are still here drumming their poison but they now they have egg on their faces.
This has gone from a punt IMO to a very juicy punt and is no way a sure thing with only soils results. Considering we were looking into a black hole before acquiring this property, we now have chemical/ geological potential as well as nearology. This is a soil survey which basically is an indicator of potential subterranean deposits, but the tenure and the huge area of consistent anomalism is quite staggering. I'd think they will be getting soils now to a 100 x 100 grid pattern from the 400 x 100 at Godzilla and avenger before drilling.
LNR Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
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