LNR - Lanthanein Resources

Spaghetti · 25 May 2007

The PNG minister quoted in the article earlier suggested Howard tell Frontier to look elsewhere, meaning well they can't do anything about it as long as it passes the normal tests so hands that responsibility over to our government.

They also want compensation if the mining does not go ahead. The Australian government cannot pay this compensation without opening itself up to all sorts of claims from disgruntled people here and overseas who have had mining affect culturally sensitive areas in the past. It will also impact future projects here and worldwide.

So YT advice from a lawyer seems spot on. Making a public noise is about all that can be done.

Also what happens if Frontier walks away from the project?. Another company will step in that will not give two hoots about what Australia wants or does not want. Perhaps we are better off having a company mine the area that is aware enough to keep operations away from the track itself.

mobcat · 25 May 2007

Good points guys and they all seem to back up what my brother had to say on the matter mining is king and the road to fuzzie elders is $ and jobs .

A little thing that we might be overlooking is the old adage you can never get enough press just imagine on the news with the tree huggers and tag alongs protesting the mine development while head office is out there spruking the virtues of mining and the huge resourses we have in PNG allways do,s wonders for sp at the end of the day bring it on i reckon on wards at upwards

Ken · 25 May 2007

what sets FNT apart from any other run of the mill mining speccy.

why invest in FNT over an australian based miner.

i think we are due for a rough day today, so FNT could well be sold down.

dj_420 · 25 May 2007

Ken said:
what sets FNT apart from any other run of the mill mining speccy.

why invest in FNT over an australian based miner.

i think we are due for a rough day today, so FNT could well be sold down.

FNT has a resource of 5 billion insitu with a market cap of 12 million

most speccies would dream of having such a resource

maybe you should look at market cap versus the potential upside, JORC upgrade coming soon so resource could see a significant upgrade, if you also look on a tech analysis, long term support is around 12 cents, last correction i dont think it got sold below this, THIS is the bottom and has been here for 6 months very overlooked

rico01 · 25 May 2007

might be a chance to buy back in today bought @ 12 c on friday sold yesterday for av 13.8
Thats what traders do[ bl--dy minimum letter count]

nizar · 25 May 2007

DJ,

Companies are usually valued at, is it 10% of their in-ground resource?
Well in that case that works out to be $50million for FNT.
At least on the watchlist for me.

Pat · 25 May 2007

rico01 said:
might be a chance to buy back in today bought @ 12 c on friday sold yesterday for av 13.8
Thats what traders do[ bl--dy minimum letter count]

To get in at 12 cents today may be tight if you dont have a buy waiting. Your not sore from selling rico?

Pommiegranite · 25 May 2007

nizar said:
DJ,

Companies are usually valued at, is it 10% of their in-ground resource?
Well in that case that works out to be $50million for FNT.
At least on the watchlist for me.

...10% at tops. Generally it's between 5 & 10%.

Can anyone tell me what the logic is behind this please?

Either way its undervalued.

Pat · 25 May 2007

Pommiegranite said:
...10% at tops. Generally it's between 5 & 10%.

Can anyone tell me what the logic is behind this please?

Either way its undervalued.

I think DJ gave estimated SP and Market cap based on 1/2% value of resource, and he was showing this to be a conservative figure.

rico01 · 25 May 2007

Pat said:
To get in at 12 cents today may be tight if you dont have a buy waiting. Your not sore from selling rico?

Yesterday I decided tosell when the price was14 - 14.5 [ 500 k] then some one came over the top of me and dropped 1.500 mill and pushed the price down to 13- 13.5. so all we need is just one person like that and the price could correct down again

Pat · 25 May 2007

rico01 said:
Yesterday I decided tosell when the price was14 - 14.5 [ 500 k] then some one came over the top of me and dropped 1.500 mill and pushed the price down to 13- 13.5. so all we need is just one person like that and the price could correct down again

Yes agree rico, although I think there may be some $$$ waiting off screen for this one. It seems someone(s) doesn't mind paying 13 cents for FNT.

YOUNG_TRADER · 25 May 2007

56gsa said:
I know nothing about FNT, but a bit about PNG - in which 97% of the land is customary tenure - which means PNG Govt has little say about these developments - it comes down to the local people who own the land (lessons from Bougainville) - if FNT have done / are doing their local consultations right then all the best to them -

The PNG locals are poor as hell and desperate making only a pitance from the Kokoda trail tourism, hence why they are as eager as FNT to get Kodu going, if you read the articles everyone is all for it bar the polies and we know they their opinion is only for political reasons and changes like the wind!

rico01 said:
Yesterday I decided tosell when the price was14 - 14.5 [ 500 k] then some one came over the top of me and dropped 1.500 mill and pushed the price down to 13- 13.5. so all we need is just one person like that and the price could correct down again

I figured there would be a few peeps like this (vultures I say)

Kodu's Desk Top study said 120Mt@0.5% = $500m USD = $625m AUD

Now new JORC will easily get up over 120Mt so NPV of project $625m+

10% NPV = $62.5m vs Current Mkt Cap $13m

Once JORC gets to 200Mt NPV = $1Billion USD = $1.25Billion AUD 10% = $125m, alot in store!

dj_420 · 25 May 2007

Pat said:
I think DJ gave estimated SP and Market cap based on 1/2% value of resource, and he was showing this to be a conservative figure.

yes thats right pat, and it actually showed that sp is trading at 1/8 of a percent of insitu value. valued on 1/2 a percent of value would show 100% increase on current sp.

nizar 10% figure you gave would mean market cap of 500 million.

if we valued this on 10% would be huge, i would be happy for it to reach 2-3% of insutu value, lol

very very conservative figures

Pat · 25 May 2007

YOUNG_TRADER said:
10% = $62.5m vs Current Mkt Cap $13m

YT, Above you have used a 10% figure, may I ask why? From what i've read ealier, it's anywhere between 5%-10%. Could we then halve the $62.5m and use an estimated range for valueing market cap?

rico01 · 25 May 2007

YOUNG_TRADER said:
I figured there would be a few peeps like this (vultures I say)

WELL I think YT we all need to take profits some time just as you can and I have no doughts that that you do take profits just as we all should from time to time!

Pat · 25 May 2007

YT, Above you have used a 10% figure, may I ask why? From what i've read ealier, it's anywhere between 5%-10%. Could we then halve the $62.5m and use an estimated range for valueing market cap?

Disregard this.. Now i understand...

How embarrasing.

YOUNG_TRADER · 25 May 2007

Pat said:
YT, Above you have used a 10% figure, may I ask why? From what i've read ealier, it's anywhere between 5%-10%. Could we then halve the $62.5m and use an estimated range for valueing market cap?

I'm using 10% of NPV figure not In-Situ Value, 10% of NPV figure would be the minimum I think you can imply on a company who has NPV figures for projects,

YOUNG_TRADER · 25 May 2007

rico01 said:
WELL I think YT we all need to take profits some time just as you can and I have no doughts that that you do take profits just as we all should from time to time!

Taking profits from a stock once its run ie 100%+ is one thing, buying and selling a few days later for what a 10% profit? is another,

Like you said your trading it, I used to do this, but realied I can make a sh-it load more investing, ie finding a very undervalued story based on fundamental analysis, taking a good position based on tech analysis and waiting for the re-rating

Each to their own I guess

mobcat · 25 May 2007

Hey guys i like the look of this this morning good vol again .........all this is going to take this morning is for a player to jump on board now to get this one rolling if we can break 14 on a serious buy lookout imo

Sean K · 25 May 2007

YOUNG_TRADER said:
I'm using 10% of NPV figure not In-Situ Value, 10% of NPV figure would be the minimum I think you can imply on a company who has NPV figures for projects,

And that's just on Kodu isn't YT?

They have quite a few other projects in PNG with some pretty good initial results. Would be interesting to see a potential $$ figure on these on top of Kodu.

LNR - Lanthanein Resources

Spaghetti

mobcat

Ken

dj_420

rico01

nizar

Pat

Pommiegranite

Pat

rico01

Pat

YOUNG_TRADER

dj_420

Pat

rico01

Pat

YOUNG_TRADER

YOUNG_TRADER

mobcat

Sean K

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