LAT latitude 66 limited
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There are good reasons for the strength:1. They will be drilling...

  1. rhythymz
    115 Posts.
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    08/04/08
    13:55
    Post #: 3561804
    There are good reasons for the strength:

    1. They will be drilling in June for the down-faulted extension as well as doing infill drilling on the scarp. The down-faulted extension just has to be there.

    2. Company is presently preparing a bankable feasibility study (BFS) as part of their move towards production in Q3 2010.

    3. Based on known resource their net present value is $50 million compared to market cap of $7 million.

    4. They have cash sufficient to finish the BFS. At that stage they would be able to fund mine development with a gold loan. Equity dillutions are pretty much behind them.

    5. Paron is now 100% owned by LAT following payment of final instalment in Decemeber.
    LAT Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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4.3¢ 		Change
0.000(0.00%) 		Mkt cap ! $6.166M
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4.3¢ 4.3¢ 4.3¢ $172 4K

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4.5¢ 19353 3
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Last trade - 10.22am 01/08/2025 (20 minute delay) ?
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