LNR - Lanthanein Resources

[kgee]

just wondering if anyone is a member of miningnews.net as there is an article already posted about the Kodu upgrade. You need to be a member to view the article. Would appreciate if anyone is a member if they could post the article for the benefit of ASF members

Just (re)signed up to their trial offer.Their story didn't cover anything that wasn't in the announcement....although it did have a nice picture of their camp- its pretty wild country up there!!

 

[prawn_86]

im in it with oppies too so im holding for at least another couple months.

perhaps a lot of stale sell orders have been set off and people who have held it for the last six months without it doing anything are happy to take their profits.

any other ideas?

 

[mick2006]

just doing some maths to work out the current value of Kodu for FNT


1.25 billion lbs copper * 3.32lb = 4.15 bln usd
2.1 million ounces gold * 654 p/ounce = 1.3734 bln usd
33 million lbs molybedenum * 32 p/pound = 1.056 bln usd
12 million ounces silver * 13.20 = 1.584 bln usd

= usd $8,163,400,000

or = aud $9,694,119,134


or as a percentage in ground value versus undiluted market cap

available shares no including options 132,402,912

times by current share price of 18.5c = $24,494,538.72


so the percantage of market cap versus in ground resource at kodu is

0.25%


Shows how undervalued FNT is when you compare the market cap to the current resources at just Kodu which will be upgraded again in August.

Also this assumes that they don't find anything worth while at their vast number of exciting prospects

This is also why the shareprice won't fall back into a trading range again!!

Our little baby is learning to RUN.

 

[prawn_86]

i agree it is massively undervalued, hence why im holding.

but you have to remeber this is low grade copper and there isnt really much moly there.

not disounting what you have said mick, just adding a couple points.

ps - feel free to correct me as im still getting my head around metal gradings

 

[samfisher18]

I agree prawn its not the best deposit, but the upside outweighs the downside by a lot, one mine for kodu and elo, possibility of elo being larger than kodu, commencement of drilling at elo, and other tenemenets such as smrv in tasmania.
Just thought id remind all those that have recently starting reading this thread.
Im still holding.

 

[aaronphetamine]

Pretty Good announcement, I just sold then, Its a very liquid stock and ill re enter in a few days when the SP drops back down again, like it has done so often the last few days.
Im looking forward to the future announcements from FNT though, its a great stock.

 

[flyboy77]

From memory, Peter McN. said the gold equivalent grade of the mineralisation was roughly 2 g/t gold (at the Resources Showcase last week which I attended). Not sure if that number is pre or post the upgrade.

With these tonnages that's quite a decent grade?

Clearly the market is warming to the story?

 

[KIWIKARLOS]

They haven't made the announcement with the resource upgrade yet have they. I can't see anything but I dont trust E-trade, they are super dodgy.

Bring on the news.

 

[prawn_86]

They haven't made the announcement with the resource upgrade yet have they. I can't see anything but I dont trust E-trade, they are super dodgy.

Bring on the news.

its been out since this morning before trade opened.
why else would it be going so crazy.
etrade is full of problems...i use netwealth

 

[Gordon]

I read the report in the morning and placed an order before the market opened (@0.165) then after about 30min of market opened my order was still pending so i panicked and bought again (@0.175 market price) then i saw on comsec that both my orders where placed. A bit annoying really - does anyone know a good way of finding out if your pre-market-open order will go through or not. I also placed a buy order for FNTO that didnt go through. Very annoying as (imo) the options are very under valued.

Just quoting myself here - more than annoyed now seeing the options increase by 72% in about 10hrs lucky for me i bought in, but only a small amount and it ended up being higher than when the market first opened

 

[mick2006]

wow what can I say to that, hope all you FNT holders enjoyed that half as much as I did, don't think the smile will come off my face for a while.

Interesting to note at over 45 million shares trading hands it has the second highest volume on the entire exchange.

 

[Fool]

There are some guys on HC saying that brokers are starting to cover this stock, has anyone heard this independantly or is it just blatant ramping ?

Would like to hear that from someone on ASF to give it some credibility, better yet, I would like to see a broker release it themselves.

Either way, very good finish for FNT today.

Looking forward to tomorrow's open once the greater public get to read that announcement. Keeping in mind that e-trade users probably have missed the announcement completely.

 

[rico01]

Did anybody sell? I kept all mine. The further drilling results to come in six weeks plus the ELO results when they come in means that this share hasn't got much downside IMHO

 

[Boyou]

I managed to jump on the bandwagon on Friday with a small parcel..glad I did.

Thanks to all those who brought this to my attention.Particularly mick2006.

Good luck to everone

Cheers Ya'll

 

[Pommiegranite]

There are some guys on HC saying that brokers are starting to cover this stock, has anyone heard this independantly or is it just blatant ramping ?

I read on HC that FNT drilling has found cheese on the moon. Why do you think cheese has holes in it?

A good day, and hopefully as Mick as mentioned, recognition for FNT is around the corner.

 

[mick2006]

All credit must go to YT for finding this one, just happy to provide some of the research I was lucky to get my hands on.

As for brokers covering the stock state one already do, see the FNT website for their last report.

Peter is currently in 3 days of broker/analyst presentations in Sydney who knows what that could lead to.

Once again thanks YT you are truely the master

 

[spottygoose]

Young Trader and Mick - you guys are champions. Thanks for all your hard work and most importantly for sharing it so willingly. Well done to all holders including myself!!

 

[prawn_86]

i agree,

YT and Mick have done a great job.

its rare that you see people who are so willing to share info on stock tips, that arnt actually ramping. Im glad that ASF has a community feel where we all help each other to do what we love, and make some cash along the way

compliments to the mods too for such a well run forum

 

[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

Amazing result, simply amazing!

You bet I sold? For what a 10% profit on the heads? a 50% profit on the options? lol I'm going for 25c+ on the heads and about 10c+ on the opies, so if/when it gets to those levels then you might say hey I bet you YT was selling, but not today my friend, not for such small scraps

I took some profit on FNT and FNTO today, I was going to wait for 25c and 10c but took the opportunity to free carry myself in the stock


You never go broke taking profits!

Its run so well today I will be interested to see how it performs over next few days

Hope ASF's made heaps from my intial posts

 

[Pommiegranite]

i agree,

YT and Mick have done a great job.

its rare that you see people who are so willing to share info on stock tips, that arnt actually ramping. Im glad that ASF has a community feel where we all help each other to do what we love, and make some cash along the way

compliments to the mods too for such a well run forum

Here Here...maximum respect to YT and Mick!!..and to Peter McNeil if you are reading this.

Still a long battle ahead.. Next step is to fend of the traders locking in profits tomorrow. Hope FNT get a good write up in some press articles.