LNR 11.1% 0.4¢ lanthanein resources ltd

Ann: PNG Project Sale Update, page-4

  1. 3,659 Posts.
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    Lole is selling the complete mine and all the leases so more information needed. Not a good announcement as it looks like they are capitalizing on our lease. We should pull the sale until after they have worked out their sale. I reckon they need out lease to pull it off. Was always too cheap. I ground resource is worth $70 per oz. We declared 128Koz so should be closer to $9M. Doesn’t matter where it is. TMG have a plant within 1.5km and we have provided the route for the road and hydro electricity plant and a camp. Total waste of an income stream in my opinion.

    AMOO. DYRO

    GD
 
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