LNR - Lanthanein Resources

[dubiousinfo]

The new discovery announced today is located 650 Km from the Kokoda Track, shouldn't be any heritage problems with this one.

 

[bvbfan]

no but it is of an island to the nw of mainland PNG

Now the ppm cu, is pretty low I mean 1000ppm is what 0.001% cu isnt it

 

[MalteseBull]

Ann released today

+20% on little volume

 

[doogie_goes_off]

The Aust Govt can not stop this on foreign soil, so that's why it's holding it's value. PNG govt is all for it!

 

[doogie_goes_off]

For volatility watch this space - capital raising should be complete, so releases actually mean something now, not just "come on guys throw more money at our project". The MD has said they are aiming for an indicated resource figure for their Kodu drill out, so maybe someone will take notice then, steady return of results should still come from this program. Copper price rise should help the economics of the project. It will be interesting if the Federal Govt decides to play politics this year with the project given the election, maybe Anzac day when they can muster maximum support?

 

[doogie_goes_off]

Up with the copper price on good volume two days in a row!

 

[YOUNG_TRADER]

I like the look of this so I've been buying alot of those opies today,

Reminds me of JMS, HLX, YML when I first looked at them,

New JORC at KODU due in about 5 weeks which is very close,

Current JORC stands at 108Mt@ 0.5% CuEquiv (0.33% Cu + 0.42g/t Au + 0.006% Mo)

2 Other very interesting projects, Bukuam and Elo, Bukuam could host a 200Mt - 300Mt deposit grading 0.8% - 1% Cu Equiv and Elo could host a 300Mt - 500Mt deposit also grading 0.8% - 1% Cu Equiv

 

[motion]

Hi, Young_Trader do you think there is still a high risk that this will not move forward based on where it's located or do you think this has now moved on?

Thanks

 

[YOUNG_TRADER]

Hi, Young_Trader do you think there is still a high risk that this will not move forward based on where it's located or do you think this has now moved on.

Thanks

Hi Motion, yes I was very sceptical of FNT to begin with, firstly because of the ann of a hypothetical reserve etc,

But I have kept a keen eye on it and have been watching the drilling results and to say the least they are amazing, between 80m - 400m at a 0.8% Cu Equiv FROM SURFACE! is amazing!

I was also worried about the location in regards to the Kokoda track, but having done some more research have realised that very little in any of the Kodu deposit falls on the Kokoda track so there should be no real issues here, although the Polies may wade into the issue for publicity sake,

So I am converted

Oh dear,
I day traded this stock today, but am posting for newbies so they don't get burnt!
FNT or TasGold as it was formerley known as has an Inferred Resource of 85Mt @ 0.4% Cu + 0.6g/t
The ann they released is based on a 120Mt Deposit IE IT ASSUMES A 40% INCREASE IN THE RESOURCE BASE!
Now looking at the conseravtive long term forecast 12 Mt p.a. scenario it predicts a NPV of $60m us or $90m AUD
But wait it requires over $300m AUD Capital to get the project going,
Sure the figures stack up on the current prices assumption but I think they are a bit too high for LT
Also it must be understood their deposit is 85Mt Inferred not a Measured 120Mt as this report assumes!
Very dodgey to release such an ann, can't believe ASX let them do it,
You've been warned!

Great ann but wayyyy to risky for me,

How can people punt a stock that has a deposit (good by world standards) in an area of such Australian importance that our PM and other polies will clearly never allow it to be developed,

 

[YOUNG_TRADER]

If there where any real issues re Kodu and Kokoda track they would have not been allowed to drill etc etc, so there aren't any real issues else this would be in the media spotlight,

Also HOwards delegation he sent last year must have given it the thumbs up else we would have heard something about it.

Veterans Affairs Minister Bruce Billson "has been informed by Frontier Resources that the exploration drilling will be low impact, will take place one to five kilometres east of the Kokoda Track and that none of the activity will affect the track itself."

Despite these assurances, the Australian High Commission in Port Moresby is looking into the details of the exploration licence.

PM vows to protect Kokoda from mining
Friday Sep 29 18:44 AEST
Prime Minister John Howard has vowed to do all he can to stop gold mining along the Kokoda Track and protect a site precious to Australia's history and national identity.

Howard has sent a high-level delegation to Papua New Guinea to inspect the site where Gold Coast-based company Frontier Resources plans to extract an estimated $1.3 billion worth of gold.

 

[motion]

Thanks Young_Trader you have some very good points here... I will keep an eye on this one.

 

[doogie_goes_off]

There is a slide on the back on the back of more shares issued at 13c, but the fundamentals of the main project are still sound, not sure when the cutoff date for the prospectus was but I thought it was over until these private placements.

 

[YOUNG_TRADER]

There is a slide on the back on the back of more shares issued at 13c, but the fundamentals of the main project are still sound, not sure when the cutoff date for the prospectus was but I thought it was over until these private placements.

There not private placements, there the placements of securities not taken up under the rights issue, ie the Short Fall placements,

 

[ta2693]

I like the story. I will buy in, but I am wondering share or option which is better choice.
FNT's option 2 cents, ex price 20 cent. What if the market does not wake up before Nov? So I am probably going to buy some shares, tomorrow or the day after tomorrow when the momentum of falling stop.

 

[doogie_goes_off]

OK - do you buy shares or options? If your going to trade FNTO options short-med term then get in now while they are cheap (typically have been>3c). I lost out buying at 4.3c some time ago. If you like the longer term prospect in terms of the company advancing their project, (they are saying ~ 5 weeks for new resource number, 12 weeks to get indicated category resource component finailsed, possibly with more inferred if drill results are favourable, pre feasability to follow), shares are for you. If the project's JORC numbers increase you could sell out some and hold leftover stock for free whilst waiting for the next announcement of indicated resource. Why buy on the slide?, look for upturn as drill results roll in or as the 5 week turnaround gets closer so you don't get trapped into a loss, this is a volatile stock. I hope I have this right, the announcements Re: the new resource calc are unclear, but looks like it will be done in two stages as drilling progresses. The JORC announcements will be the inflection points IMO. Also any upward Cu price move would seem favourable given movement last week.

 

[ta2693]

Yes this one is very violate stock but at this stage the volatility are upwards.
What the share price will be in worst scenario? I think is 8 cents. What do you think? So i believe the chance of falling now is high, but there is not much room.

 

[YOUNG_TRADER]

Yes this one is very violate stock but at this stage the volatility are upwards.
What the share price will be in worst scenario? I think is 8 cents. What do you think? So i believe the chance of falling now is high, but there is not much room.

Ta FNT has strong support around 12c, (if someone could post up a chart for Ta to see that would be great) it only ever briefly drops below 12c, on a 1 year candle chart 12c has seen solid buying, so I'd say 12c is your downside risk, meaning buying around 12c is fairly safe

 

[Pat]

Ta FNT has strong support around 12c, (if someone could post up a chart for Ta to see that would be great) it only ever briefly drops below 12c, on a 1 year candle chart 12c has seen solid buying, so I'd say 12c is your downside risk, meaning buying around 12c is fairly safe

Agree YT, Not much down side at @ 12 cents. Apart from an over estimated hypothetical reserve

What are the logistics for the project in Kodu? Thats got to be some jungle infested mountainous country? I guess they got the drill rig there.

How far to port? Railway? Roads?

 

[YOUNG_TRADER]

Thanks Pat,

Also current JORC is nothing to scoff at as a starting point, especially since the ore is all AT SURFACE

Current JORC stands at 108Mt@ 0.5% CuEquiv (0.33% Cu + 0.42g/t Au + 0.006% Mo)

New JORC at KODU due in about 5 weeks which is very close,

 

[doogie_goes_off]

Kodu deposit is 50km from Port Moresby by road/track, photos of Kodu suggest it's jungle but what else would you expect in PNG?