Gotta agree with u there denver, I would love to see tassie sold off, the bismuth is an attractive story on top of the gold, and considering that we are getting high grade zones which are from surface, im not expert but would like to think we could flog it for possibly 6-8 million?
That would give us ample time to continue drilling, prove up the resource (not necessarily to a JORC standard) but identify the strike zone and its boundaries to which hopefully we could get an exploration target range i.e 10 million to 14 million ounces. By this time, our SP should be atleast be 50c IMO (giving us a MC of 150 mill). We can then do a cap raising with minimal dilution, which will give us more time to unlock the true value of Andewa by ourselves.
However, im not opposed to a JV if it comes at the right price, we still have mt Schrader (Andewas sister) and Sudest too was pointed out.
The above doesn’t even factor in positive results from the already established JV’s. Esis should be a massive kicker IMO. Previous drilling intercepted Cu grades of about 0.40% to about 150m down. the 1st hole reported that there was visible copper minerlisation to about 550m down hole, then the thick chalcopyrite veins were intersected (peter stated that more than likely this should show up with >1% Cu).
So if im interpreting this right, we could have a hole 600m deep with consistent Cu grades???
Very very exciting if u ask me. If its confirmed, this could see the SP rally real hard, as we could be onto a company maker already IMO.
So many SP drivers could see FNT rally to unforeseen levels.
- Forums
- ASX - By Stock
- LNR
- lets hope this is true
lets hope this is true, page-16
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNR (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $1.458K | 486.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 3963909 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 23633108 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 3963909 | 0.003 |
40 | 34842685 | 0.002 |
16 | 64224077 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 23633108 | 32 |
0.005 | 15667441 | 15 |
0.006 | 18977539 | 15 |
0.007 | 4785802 | 11 |
0.008 | 28852250 | 7 |
Last trade - 11.22am 20/08/2024 (20 minute delay) ? |
Featured News
LNR (ASX) Chart |