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Not just any garden variety jungle
, but some near impossible terrain. Hope we see some gains before the U conference...
LNR - Lanthanein Resources
- Thread starter Sean K
- Start date
Not just any garden variety jungle
, but some near impossible terrain. Hope we see some gains before the U conference...
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Some serious support buying around the 12c level,
Per Qtrly more assays expected soon,
JORC upgrade 1 Early June
JORC upgrade 2 Early August
Interesting times lie ahead
Per Qtrly more assays expected soon,
JORC upgrade 1 Early June
JORC upgrade 2 Early August
Interesting times lie ahead
doogie_goes_off
disbelieve if you can
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From the age today - the locals do want the kodu "mine" to go ahead:
A REMOTE Papua New Guinean community has made an emotional plea to a visiting Australian Government delegation to appreciate its desire for mining exploration to continue alongside the historic Kokoda Trail.
Exploration for gold and copper on the land where hundreds of Australian soldiers died during World War II has sparked the concerns of Prime Minister John Howard.
Last month, he sent a high-level delegation, led by Hugh Borrowman, first assistant secretary of the international division of the Department of Prime Minister and Cabinet, to inspect the exploration site.
Local leader Barney Jack told the delegation that his community was in desperate need of basic services and hoped that revenue from a mine would ease its plight.
He said sick people continued to die along the track, walking hours on foot to hospitals because there were no medical services in the area.
"Our health services are largely appalling. As we did during World War II, we are still carrying our sick and our children and walking on the trail," Mr Jack told the delegation.
"Must our children continue to miss out on education opportunities? Must our sick continue to die?" he said.
"While we would like to maintain the (Kokoda Trail) for future generations to come, we would like to also seek a way to meet our own needs. Frankly, if the mine doesn't happen, then what options are there?"
The Kokoda Trail has become increasingly popular with Australians, with more than 3000 walking it last year.
Local communities are angry that they are not receiving a greater share of trekking revenue, said Warren Bartlett, the executive officer of the Kokoda Track Authority, which maintains the trail.
A large part of the revenue covers the authority's administrative costs.
Mr Bartlett asked the delegation to fund the authority so that more money from trekking went to local communities.
He said trekking was a more sustainable industry than mining, which could damage the trail and pollute river systems. He wants the Australian and PNG governments to invest in the trail to make tourism viable for local communities.
A REMOTE Papua New Guinean community has made an emotional plea to a visiting Australian Government delegation to appreciate its desire for mining exploration to continue alongside the historic Kokoda Trail.
Exploration for gold and copper on the land where hundreds of Australian soldiers died during World War II has sparked the concerns of Prime Minister John Howard.
Last month, he sent a high-level delegation, led by Hugh Borrowman, first assistant secretary of the international division of the Department of Prime Minister and Cabinet, to inspect the exploration site.
Local leader Barney Jack told the delegation that his community was in desperate need of basic services and hoped that revenue from a mine would ease its plight.
He said sick people continued to die along the track, walking hours on foot to hospitals because there were no medical services in the area.
"Our health services are largely appalling. As we did during World War II, we are still carrying our sick and our children and walking on the trail," Mr Jack told the delegation.
"Must our children continue to miss out on education opportunities? Must our sick continue to die?" he said.
"While we would like to maintain the (Kokoda Trail) for future generations to come, we would like to also seek a way to meet our own needs. Frankly, if the mine doesn't happen, then what options are there?"
The Kokoda Trail has become increasingly popular with Australians, with more than 3000 walking it last year.
Local communities are angry that they are not receiving a greater share of trekking revenue, said Warren Bartlett, the executive officer of the Kokoda Track Authority, which maintains the trail.
A large part of the revenue covers the authority's administrative costs.
Mr Bartlett asked the delegation to fund the authority so that more money from trekking went to local communities.
He said trekking was a more sustainable industry than mining, which could damage the trail and pollute river systems. He wants the Australian and PNG governments to invest in the trail to make tourism viable for local communities.
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Thanks doogie_goes_off hmm interesting times ahead not to sure if they will get it passed or not. Will be keeping a close eye on this one.
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Hi Guys,
I just got the commsec aegis weekly report and there is a section on FNT which I was very suprised to see but this is a good thing for a share holders.
While FNT paid to have this included this is a great PR exercise.
Thought I would share it with you......
Frontier Resources (FNT)
"Aegis has been commissioned by Frontier Resources to be included in the
December 2006 Exploration Review and has received a fee for its inclusion."
KEY STATISTICS
Price: $0.12
Price as at: 14-May-07
Market Cap ($M): 12.9
Equiv. Shares (M): 98.1
%Market: 0.00
12Mth Range ($): 0.10 - 0.52
Turnover ($M pa): 17.3
Index: N/A
Sector: Materials
Industry Group: Materials
Industry: Metals & Mining
Sub Industry: Gold
Company Overview
The current area of focus is the Kodu deposit in PNG. Kodu hosts a resource of 108Mt @ 0.33% Cu,
0.42g/t Au & 60ppm Mo. The aim is to increase resources and convert resources to reserves to move
to a feasibility study. Management has considerable experience in PNG, and FNT has other
prospects spread across PNG mainland and New Britain. The company is active in southwest
Tasmania and has built a land position whereby FNT controls a 40km length of the highly prospective
Mt Read Volcanic belt.
Strategy
Frontier intend to release a revised Inferred Resource by early August and then commence a prefeasibility
study on Kodu. Other advanced projects will be drilled in the near term including the major
Elo porphyry copper-gold, Bukuam and Andewa Prospects. The intent of this is to create shareholder
value apart from the Kodu deposit.
Aegis Comments
Outlook:
Kodu is a typical low-grade copper deposit with precious metal credits. To proceed to a
BFS, measured and indicated reserves need increasing to multiples of the current resource. Drilling
will greatly increase the resource at Kodu, and it's still early days. FNT has other highly prospective
projects. Bukuam is a very large soil anomaly and looks very interesting with good gold grades from
soil samples. FNT recently raised $1.275M to advance exploration.
Risk:
Management has a great depth of experience operating in PNG. Diplomatic relations between
Australia and PNG could be better. Critics in Australia say that mining Koda might pose a danger to
the historic WW2 Kokoda Trail. This has the effect of inducing the market to apply an extra discount
to the stock that might not ordinarily exist. A feasibility study will have to deal with the issue of tailings
disposal. Environmental groups are not friendly towards deep ocean disposal.
Share Price Catalyst:
A program is underway at Kodu to delineate and increase the resource. Hole
KFD1 extended a known high-grade zone another 50m to the south, indicating good continuity of that
zone. The next two holes also intersected high-grade mineralisation, with KFD2, 366m (length of
hole) grading 0.69% Cu and 0.47g/t Au. Hole KFD3 intersected 206m at 0.54% Cu and 0.58g/t Au.
The high-grade SW gold zone is being drilled. Next drill results are likely to be positive and drill
targets will be outlined at Bukuam.
I just got the commsec aegis weekly report and there is a section on FNT which I was very suprised to see but this is a good thing for a share holders.
While FNT paid to have this included this is a great PR exercise.
Thought I would share it with you......
Frontier Resources (FNT)
"Aegis has been commissioned by Frontier Resources to be included in the
December 2006 Exploration Review and has received a fee for its inclusion."
KEY STATISTICS
Price: $0.12
Price as at: 14-May-07
Market Cap ($M): 12.9
Equiv. Shares (M): 98.1
%Market: 0.00
12Mth Range ($): 0.10 - 0.52
Turnover ($M pa): 17.3
Index: N/A
Sector: Materials
Industry Group: Materials
Industry: Metals & Mining
Sub Industry: Gold
Company Overview
The current area of focus is the Kodu deposit in PNG. Kodu hosts a resource of 108Mt @ 0.33% Cu,
0.42g/t Au & 60ppm Mo. The aim is to increase resources and convert resources to reserves to move
to a feasibility study. Management has considerable experience in PNG, and FNT has other
prospects spread across PNG mainland and New Britain. The company is active in southwest
Tasmania and has built a land position whereby FNT controls a 40km length of the highly prospective
Mt Read Volcanic belt.
Strategy
Frontier intend to release a revised Inferred Resource by early August and then commence a prefeasibility
study on Kodu. Other advanced projects will be drilled in the near term including the major
Elo porphyry copper-gold, Bukuam and Andewa Prospects. The intent of this is to create shareholder
value apart from the Kodu deposit.
Aegis Comments
Outlook:
Kodu is a typical low-grade copper deposit with precious metal credits. To proceed to a
BFS, measured and indicated reserves need increasing to multiples of the current resource. Drilling
will greatly increase the resource at Kodu, and it's still early days. FNT has other highly prospective
projects. Bukuam is a very large soil anomaly and looks very interesting with good gold grades from
soil samples. FNT recently raised $1.275M to advance exploration.
Risk:
Management has a great depth of experience operating in PNG. Diplomatic relations between
Australia and PNG could be better. Critics in Australia say that mining Koda might pose a danger to
the historic WW2 Kokoda Trail. This has the effect of inducing the market to apply an extra discount
to the stock that might not ordinarily exist. A feasibility study will have to deal with the issue of tailings
disposal. Environmental groups are not friendly towards deep ocean disposal.
Share Price Catalyst:
A program is underway at Kodu to delineate and increase the resource. Hole
KFD1 extended a known high-grade zone another 50m to the south, indicating good continuity of that
zone. The next two holes also intersected high-grade mineralisation, with KFD2, 366m (length of
hole) grading 0.69% Cu and 0.47g/t Au. Hole KFD3 intersected 206m at 0.54% Cu and 0.58g/t Au.
The high-grade SW gold zone is being drilled. Next drill results are likely to be positive and drill
targets will be outlined at Bukuam.
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I made a killing with MGO,
FNT will have its day very soon,
Current JORC is 108Mt@0.5% CuEquiv
New JORC is due early June, it will include drilling such as 2 x 360m@0.7% Cu Equiv
Now last year they did a scoping study, using a $2.80 Copper price and a $640 Gold price (USD)
It showed a 120Mt deposit @ 0.5% Cu Equiv would have an NPV of $500m USD = $625m AUD = about $3 a share FNT
A 200Mt deposit @ 0.5% Cu Equiv had an NPV of $1 Billion USD = $1.25Billion AUD = $6 a share FNT
There are risks but there is clearly alot of upside here,
Please note that firstly their is some negative sentiment as FNT's Kodu is near Kokoda trail and secondly the project is in PNG, however same negative sentiment was there for MGO when its SP was 20c and opies 6-7c about 1 month ago and look at it now
I hope new JORC is about 150Mt@0.5% Cu Equiv, or better yet 200Mt@0.5% Cu Equiv, I'd expect FNT to advise the mkt of the NPV value of the deposit based on previous scoping study
FNT will have its day very soon,
Current JORC is 108Mt@0.5% CuEquiv
New JORC is due early June, it will include drilling such as 2 x 360m@0.7% Cu Equiv
Now last year they did a scoping study, using a $2.80 Copper price and a $640 Gold price (USD)
It showed a 120Mt deposit @ 0.5% Cu Equiv would have an NPV of $500m USD = $625m AUD = about $3 a share FNT
A 200Mt deposit @ 0.5% Cu Equiv had an NPV of $1 Billion USD = $1.25Billion AUD = $6 a share FNT
There are risks but there is clearly alot of upside here,
Please note that firstly their is some negative sentiment as FNT's Kodu is near Kokoda trail and secondly the project is in PNG, however same negative sentiment was there for MGO when its SP was 20c and opies 6-7c about 1 month ago and look at it now
I hope new JORC is about 150Mt@0.5% Cu Equiv, or better yet 200Mt@0.5% Cu Equiv, I'd expect FNT to advise the mkt of the NPV value of the deposit based on previous scoping study
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The FNT boys caused a bit of a stir about this time last year didnt they YT over a bit of over zealous computer modeling it nearly nipped me but it was a beautiful run with a drastic fall.
The asx gave em hell if I remember the FNT boys havent got the rosiest background but granted they do know the local dirt and the fuzzies seem to be for them but the markets got a memory and thus the 12 cent problem imo my brother is in PNG has been for years I will give him a ring and see if he has some goss on the local play
Happy Days
Mobcat
but it was a beautiful run with a drastic fall.The asx gave em hell if I remember
the FNT boys havent got the rosiest background but granted they do know the local dirt and the fuzzies seem to be for them but the markets got a memory and thus the 12 cent problem imo my brother is in PNG has been for years I will give him a ring and see if he has some goss on the local play Happy Days
Mobcat
Article in this morning's SMH may be of interest here... sorry for the long url but under the travel section.... seems the Foreign Minister (PNG) is telling FNT to "find somewhere else". Early days.
www.smh.com.au/news/travel/png-back...allipoli-status/2007/05/17/1178995307695.html
www.smh.com.au/news/travel/png-back...allipoli-status/2007/05/17/1178995307695.html
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The usual political crap and ho ha,
From my research I found that very little of the Kodu deposit impacts on the Kokoda track, but hey thats politics for you, its near it so lets cause a stir.
PNG is telling the Aust gov't to go get stuffed! And rightly so, god I hate politicians.
From my research I found that very little of the Kodu deposit impacts on the Kokoda track, but hey thats politics for you, its near it so lets cause a stir.
PNG is telling the Aust gov't to go get stuffed! And rightly so, god I hate politicians.
doogie_goes_off
disbelieve if you can
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Looks like a bit of a stir pre-PNG national elections, the foreign minister is playing his cards early. Not sure if it will have an impact, but not good signs.
Welcome to Frontier Resources Ltd
Frontier Resources Ltd is an Australian Stock Exchange listed (FNT) junior mineral exploration company, whose shares also trade on the Frankfurt, Berlin and Munich Stock Exchanges. Frontier seeks to return significant value to its shareholders through the discovery, delineation and development of copper, gold and basemetal deposits in Papua New Guinea (PNG) and Australia.
The Company's focus is the rapid exploration and possible further development of the Kodu copper-gold - molybdenum Deposit in PNG. In addition, the Bukuam porphyry copper- gold- silver- molybdenum, Andewa gold and Elo porphyry copper- gold- molybdenum prospects (all previously undrilled) in PNG are all scheduled for drill evaluation in 2007. The other properties will be joint ventured, perhaps separately listed, or maintained and advanced.
The Kodu Deposit contains an Inferred Resource of 543,000 tonnes of copper equivalent, grading 0.50% in 108 million tonnes grading 0.33% copper, 0.42 g/t gold and 60ppm molybdenum(calculated at 4/07 metal prices). The project is conveniently located for exploration and possible development about 55km NE of the capital of Port Moresby and 20km from highway access. An access track to site was completed mid-March, 2007.
Frontier commenced resource delineation and expansion drilling at Kodu in October 2006 and it is ongoing with 2 of the Company’s own, continuously operating, diamond coring rigs. Twenty eight holes total have been drilled to date for about 9,020m.
The Company’s short term goal is to convert a significant portion of the current Inferred Resource to Indicated status and also to significantly increase the total tonnage of the deposit. The intent is to release a revised Inferred Resource in early June, then again in early August 2007, then likely commence a pre-feasibility study to evaluate possible development paths and requirements.
A desktop economic evaluation assuming a body of mineralisation of 120 M tonnes (in a relatively accessible location in PNG) grading 0.36% copper plus 0.47 g/t gold (with no molybdenum credit), shows a possibly robust project with a theoretical IRR of 55%, NPV of $US516 million and cumulative cash flow of $US1,301 million (using close to current prices of $US2.80lb copper and $US640 /oz gold). NB: this desktop study does not relate to the Kodu Inferred Resource and should not be relied upon for investment decisions.
Frontier’s properties offer excellent mineral deposit potential, with primary targets being World Class and major copper- gold- molybdenum, gold- silver and polymetallic (zinc-lead-silver) deposits. The properties all have high-grade historic exploration results and are in the same or similar geological terranes as existing World Class and/or major mines. The Company is committed to maintaining its responsibilities to all relevant stakeholders, including shareholders, local indigenous communities, the PNG Government and the environment.
The Frontier Directors and management team have more than 120 years combined experience in mineral exploration, project development and financing in Papua New Guinea and Tasmania, to ensure the Company has the best possible opportunity to achieve success.
* Updated May 8, 2007
Width of Drilled Mineralisation at the Kodu Deposit Increased by 100 to 200% (to 400m total) on section 9950N
Hole KFD004 Assay, Discussion of Results & Strategy Forward Kodu Deposit, Papua New Guinea
The New Bukuam Mineralised System Continues to Progress and Impress
Contained Copper Equivalent at Kodu Up 19% to 604,000 tonnes
This is from the website of FNT, note the goal of some more results in early june
Frontier Resources Ltd is an Australian Stock Exchange listed (FNT) junior mineral exploration company, whose shares also trade on the Frankfurt, Berlin and Munich Stock Exchanges. Frontier seeks to return significant value to its shareholders through the discovery, delineation and development of copper, gold and basemetal deposits in Papua New Guinea (PNG) and Australia.
The Company's focus is the rapid exploration and possible further development of the Kodu copper-gold - molybdenum Deposit in PNG. In addition, the Bukuam porphyry copper- gold- silver- molybdenum, Andewa gold and Elo porphyry copper- gold- molybdenum prospects (all previously undrilled) in PNG are all scheduled for drill evaluation in 2007. The other properties will be joint ventured, perhaps separately listed, or maintained and advanced.
The Kodu Deposit contains an Inferred Resource of 543,000 tonnes of copper equivalent, grading 0.50% in 108 million tonnes grading 0.33% copper, 0.42 g/t gold and 60ppm molybdenum(calculated at 4/07 metal prices). The project is conveniently located for exploration and possible development about 55km NE of the capital of Port Moresby and 20km from highway access. An access track to site was completed mid-March, 2007.
Frontier commenced resource delineation and expansion drilling at Kodu in October 2006 and it is ongoing with 2 of the Company’s own, continuously operating, diamond coring rigs. Twenty eight holes total have been drilled to date for about 9,020m.
The Company’s short term goal is to convert a significant portion of the current Inferred Resource to Indicated status and also to significantly increase the total tonnage of the deposit. The intent is to release a revised Inferred Resource in early June, then again in early August 2007, then likely commence a pre-feasibility study to evaluate possible development paths and requirements.
A desktop economic evaluation assuming a body of mineralisation of 120 M tonnes (in a relatively accessible location in PNG) grading 0.36% copper plus 0.47 g/t gold (with no molybdenum credit), shows a possibly robust project with a theoretical IRR of 55%, NPV of $US516 million and cumulative cash flow of $US1,301 million (using close to current prices of $US2.80lb copper and $US640 /oz gold). NB: this desktop study does not relate to the Kodu Inferred Resource and should not be relied upon for investment decisions.
Frontier’s properties offer excellent mineral deposit potential, with primary targets being World Class and major copper- gold- molybdenum, gold- silver and polymetallic (zinc-lead-silver) deposits. The properties all have high-grade historic exploration results and are in the same or similar geological terranes as existing World Class and/or major mines. The Company is committed to maintaining its responsibilities to all relevant stakeholders, including shareholders, local indigenous communities, the PNG Government and the environment.
The Frontier Directors and management team have more than 120 years combined experience in mineral exploration, project development and financing in Papua New Guinea and Tasmania, to ensure the Company has the best possible opportunity to achieve success.
* Updated May 8, 2007
Width of Drilled Mineralisation at the Kodu Deposit Increased by 100 to 200% (to 400m total) on section 9950N
Hole KFD004 Assay, Discussion of Results & Strategy Forward Kodu Deposit, Papua New Guinea
The New Bukuam Mineralised System Continues to Progress and Impress
Contained Copper Equivalent at Kodu Up 19% to 604,000 tonnes
This is from the website of FNT, note the goal of some more results in early june
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well this afternoon seems to be interesting with some people buying up some medium numbers on FNT. there might be a turn soon....
HA HA HA.. well there you go maybe this is the news people are looking for ......
HA HA HA.. well there you go maybe this is the news people are looking for ......
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MGO just released a new JORC upgrade which was taken well by the mkt,
however it will be some time before MGO get a feasibility done on Yandeera,
In contrast FNT has already done a desktop study on Kodu which showed that using a $2.80 Copper price and a $640 Gold price (USD)
A 120Mt deposit @ 0.5% Cu Equiv would have an NPV of $500m USD = $625m AUD = about $3 a share FNT
A 200Mt deposit @ 0.5% Cu Equiv had an NPV of $1 Billion USD = $1.25Billion AUD = $6 a share FNT
Current JORC is 108Mt@0.5% CuEquiv
New JORC is due early June, it will include drilling such as 2 x 360m@0.7% Cu Equiv so I expect it will be around 150Mt@0.5%Cu Equiv, giving Kodu an NPV of $3+ a share FNT
There are risks but there is clearly alot of upside here,
Please note that firstly their is some negative sentiment as FNT's Kodu is near Kokoda trail and secondly the project is in PNG, however same negative sentiment was there for MGO when its SP was 20c and opies 6-7c about 1 month ago and look at it now
however it will be some time before MGO get a feasibility done on Yandeera,
In contrast FNT has already done a desktop study on Kodu which showed that using a $2.80 Copper price and a $640 Gold price (USD)
A 120Mt deposit @ 0.5% Cu Equiv would have an NPV of $500m USD = $625m AUD = about $3 a share FNT
A 200Mt deposit @ 0.5% Cu Equiv had an NPV of $1 Billion USD = $1.25Billion AUD = $6 a share FNT
Current JORC is 108Mt@0.5% CuEquiv
New JORC is due early June, it will include drilling such as 2 x 360m@0.7% Cu Equiv so I expect it will be around 150Mt@0.5%Cu Equiv, giving Kodu an NPV of $3+ a share FNT
There are risks but there is clearly alot of upside here,
Please note that firstly their is some negative sentiment as FNT's Kodu is near Kokoda trail and secondly the project is in PNG, however same negative sentiment was there for MGO when its SP was 20c and opies 6-7c about 1 month ago and look at it now
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YT, Trying to kickstart a little GGG action?
Seriously though, MGO's SP had been moving in anticipation of resource upgrade.
Whereas FNT's SP hasn't. So upon announcement, there should be an immediate upside to the current SP.
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Hi folks,
FNT ... market will not get excited about this one, until some
positive cycles fall into place, in July and September 2007.
January 2008 should be a good month for positive FNT news
and April/May 2008 should see FNT "really-on-the-boil" !~!
happy days
paul
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Well FNT has broken the 12c to 13c now... this is interesting some buy only small but it's something to look at....
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Yep just like YMLO, bought heaps back in Jan, expiry was about 6 months away, SP was 16c opie exercise was 25c so 9c out of the money, paid up to 3c for opies
Today they're worth 30c!
Huge leverage in options
On a mostly RED day mind you, FNTO is up 42%....
I can't see much green in my watch list except for YML and MGO
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