cheers for the link
The Podcast has a huge amount of info so definitely worth a listen & unfortunately I don’t have enough time to do a proper breakdown of it
2 holders as special guests
Holder 1
Goes by the name of
bogan Geo
Holder 2
Runs a fund ( Datt capital)
AFR recently did an article
datt capital the no1 performing fund on a 1 year basis
Emanuel discloses that they are one of the larger shareholders just behind management
(Im tipping he is buying through canaccord )
Geo
Seeing this at this sought of depth in WA Is special
& 200m spacing just says there really going for a monster here
I really couldn’t look past it as one of those Tier 0 discovery’s
One of those 1 of a kind special events that only happens once every 5-10years globally in terms of a discovery
It was a no brainer for me every part I’ve seen so far it just looks like it’s getting better & better
Fund
No doubt in my mind that this clearly has multi hundred million tonne potential including the deeper mineralisation
But what we are really interested in is the higher grade weatherd zone
That’s the low hanging fruit the company is focusing on
& I think our own back of envelope calculations if the company can achieve 30-40million tonnes @2% from less then 100m depth we’d be happy
Geo
We’re really just sitting back waiting to see how far this super gene blanket goes it’s free digging material it won’t require much blasting you can just get 120tonne excavator & start going at it
Geo
very unlikely our neighbour’s will find something similar
Fund
Agrees & says very low chance
Q
Who would have interest in a deposit like this
Fund
It ticks a lot of boxes for me as a prospect for a corporate play
Could you imagine if this deposit was owned by one of the big iron ore producers
RIO, BHP & FMG they’ve already got a natural distribution network in terms of existing customers. We can supply you niobium for decades as well
Fund
believes it’s unluckily we can get to mine stage avoiding
a T/O
Q
Who is likely to take it over
Fund
It will likely be a major
BHP, RIO, FMG, LYC & ILU
Fund
If LUNI gets off the ground
if it was in the hands of a major the payback is going incredible
Looks like it’s going to be a long life strategic asset & these sought of assets don’t come round very often
Q
If it’s proven over time & ticks all the boxes, LTR is now worth around 5b
Can you compare it to anything in the past
Geo
I wouldn’t even compare it to LTR or CHN
I think it’s in a world of its own
(20min delay)