LNR - Lanthanein Resources

[dj_420]

lol i used insitu values, not to confuse anyone hahaha

hey pat check your private messages, is there anyway you can have a sound alert joe? prob should just have MSN at work

 

[Ruprect]

Agree YT, trading by the day or days can be a recipe for disaster. Playing with money you dont actually have is even worse!

I dont hold here, probably should but tied up elsewhere, but if you look at MGO, a like company with similar grades, FNT should secure a re rating with a reource upgrade. 13c will be very cheap when they upgrade.

I wish for a market cap of 10% of in ground resource. That would put MGO's market cap somewhere between $2 and $3 billion!!!

The NPV figure is much more accurate. Either way, FNT looks good.

 

[rico01]

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

All very good points YT but tecnically the stock is going sideways, even downwards at the moment with no real breakout signal yet, there will be plenty of time to get in on this one once we see a real spike in vol & price.
There also a Gold Coast based company where CDU is based
One thing for sure I'll be back in on this one!!

 

[dj_420]

All very good points YT but tecnically the stock is going sideways, even downwards at the moment with no real breakout signal yet, there will be plenty of time to get in on this one once we see a real spike in vol & price.
There also a Gold Coast based company where CDU is based
One thing for sure I'll be back in on this one!!

spike in volume, lol what more did you want from yesterday, anyway obviously a lot more interest generated in this one, like YT says get on early get maximum exposure when a stock is re-rated.

jumping on and off again for 10% swings either way is good on if your trading with 250 k at a time. if not get in wait and double up!

 

[rico01]

spike in volume, lol what more did you want from yesterday, anyway obviously a lot more interest generated in this one, like YT says get on early get maximum exposure when a stock is re-rated.

jumping on and off again for 10% swings either way is good on if your trading with 250 k at a time. if not get in wait and double up!

Yes we do need a real spike in vol when yesterday @25% of the vol came from 2 PEOPLE. I sold 500 k and somebody came over the top of me and dumped 1500k

 

[dj_420]

Yes we do need a real spike in vol when yesterday @25% of the vol came from 2 PEOPLE. I sold 500 k and somebody came over the top of me and dumped 1500k

ok agreed but without those 2 trades 6 million is still way above avg, now we just need continued increase in vol

 

[YOUNG_TRADER]

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.

Hey Kenna,

Sure is, just for Kodu, thats why I can't wait for drilling at ELO, Elo could be Kodu x3 according to company, some nice meaty hits there would be just what the doctor ordered

Then again, look at Kodus hits multiple 300m 400m hits of 0.7-0.8% Cu Equiv!
Nothing to scoff at, how many companies on the asx get those sorts of hits let alone those capped at $13m?

 

[prawn_86]

I have only just recently bought into this stock. Could someone please inform me what dates the announcements will be coming out?
What kind of holding are ppl doing with this. Trading, s/t, l/t etc? Just interested in gaining opinions as i think i'll be holding for a few years, if everything goes according to plan!

 

[Sean K]

I have only just recently bought into this stock. Could someone please inform me what dates the announcements will be coming out?

What kind of holding are ppl doing with this. Trading, s/t, l/t etc? Just interested in gaining opinions as i think i'll be holding for a few years, if everything goes according to plan!

Interesting question prawn. You need a trading plan of some sorts don't you? Do you buy for a 20% gain? Do you buy then impliment a trailing stop after 20% gain? Do you wait till stocks gone up 100% then sell half, or a third? Do you sell on TA targets? Do you have a valuation based on NPV and sell when stock gets close to price? Are you a Buffett and never sell? Or, do you read Van Tharp and do as he says? LOL. There are many different reasons to buy and sell, and in the end you need to find out what works for you. For me, it's a variety of all the above depending, on the stock. For FNT, I'll be selling half around 16 cents, then if breaks through I'll buy double, and then whatever the case, re-evaluate. Good luck.

(PS, this may slide to 11.5 cents tomorrow too. )

 

[prawn_86]

thankyou for the info.
firstly, why do you think it may slide tomorrow?
As to my strategy, i have only been investing for 9 months so it is still evolving quite rapidly. I tend to lean more towards fundamentals, as t/a seems hard to justify for some small caps. I like to lock in profits so i'll prb sell a certain amount at some stage and then hold onto the rest for 3 - 5 years as long as i am happy with how it is progressing. But i am more of an investor than a trader as such.
I have bought this stock mainly on NPV valuation as there seems to be a lot of potential plus the fact that they have a solid floor of around 12c.

 

[Sean K]

thankyou for the info.
firstly, why do you think it may slide tomorrow?

prawn, sorry, I did not mean to say that I thought it would slide. I'm saying that I have no idea where it's going tomorrow. I was being a bit sarcastic, or maybe facetious. No predictions from me on this, or just about anything else actually. Best summarise what's been said and make your own mind up.

 

[YOUNG_TRADER]

Current JORC is 108Mt@0.5% CuEquiv
Scoping study, using a $2.80 Copper price and a $640 Gold price (USD)

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

Its downside is 12c 11.5c at most



$13m Mkt Cap vs $500m+ NPV don't add up


Some more info about the other projects from FNT's web site see http://www.frontierresources.com.au/


Mt Likuruanga

The Bukuam Prospect is located in a 5.5km long x 1km wide copper in stream sediment anomaly located adjacent to the eastern margin of the Esis-Sai intrusive granitoid complex. The prospect contains significant exploration potential that is now being assessed.
Recent soil sampling by Frontier has defined major gold and copper anomalies (+ jarosite alteration) to the north and east of trenches containing high surface gold values in silicate-sulphide skarns.

Limited trenching almost 20 years ago returned 205m (non contiguous channel chips) of 1.9 g/t gold (incl. 55m of 5.8 g/t gold, incl. 5m of 13.1 g/t gold), 10m of 5.1 g/t gold and 70m of 1.7 g/t gold in different zones. In addition, grab and float samples in a separate area assay to 6.55 g/t gold + 230 g/t silver and remain to be evaluated.

Only 3 holes were drilled with results such as 6m of 2.2 g/t gold + 9.5 g/t silver + 1.2% zinc, 2m of 3.5 g/t gold + 9.5 g/t silver and 10m of 1.7 g/t gold + 2.7 g/t silver + 4.8% zinc (the 205m interval remains untested by drilling).

According to the Rio Tintogeologists who drilled it, “the gold grade in the skarn could increase towards the shear zone with a possible bonanza at the contact”.

The Esis porphyry copper deposit is situated on a NNW trending ridgeline, on the western flanks of the ~20km long x 6km wide Esis-Sai granitoid complex (opposite side to Bukuam). Mineralisation is in quartz-diorite and magnetite breccias. A resource has not been estimated, but a realistic exploration target is 150 to 300M tonnes grading 0.6% to 1.0% copper equivalent or better, from surface.

The mineralised zone is >1,300m long and ~700m wide, with a weighted copper average of 0.18% (and possibly leached, therefore with lower copper values near surface). A body 1,000m long and 100 to 150m wide was noted by BHP grading ~0.4% copper from 15 very shallow drill holes (average depth of 25m) and hand trenches. The holes were averaged over their entire length and included 21.6m of 0.50% copper and 30.3m of 0.41%, at opposite ends of the ridge, leaving the mineralized zone open to the north and south. One of the best results from the costeans was 90m of 0.40% copper with 20ppm molybdenum, within a magnetite breccia.

Four diamond holes (~152.6m each) were drilled to test the supergene, with best results of 152.6m grading 0.39% copper + 24ppm molybdenum and 152.4m of 0.28% copper + 12ppm molybdenum, with highest grades of 1.62% copper and 124 ppm molybdenum.

This target obviously requires significantly more exploration to evaluate its ultimate potential.


A priority exploration target is an undrilled gold zone in soil at the Pele Prospect, located ~750m north of the northern end of Esis.


Sudest
The approximately 469km² ELA covers the first known hard rock gold mine in PNG, is proximal to the now closed, but highly successful >4Moz Misima Deposit / Mine,

Less than 10% of the gold in stream geochemistry strike length has even been cursorily evaluated by soil geochemistry or trenching, yet contains results to 151.2 g/t gold in outcrop, 2m of 104.5 g/t gold in trench, 260.0 g/t gold in float rock, 2,540 ppb gold in BLEG, 1.49 g/t gold in stream sediment and 387.0 g/t gold in pan-concentrate. Variably altered intrusive suites (similar to mineralised porphyry systems) and high-grade mesothermal veins offer attractive targets.



Basilaki

soil sampling (to 1.25 g/t gold), whacker ‘bedrock sampling' (to 21.0 g/t gold), rock chip (to 28.1 g/t gold in outcrop) and channel sampling (to 1.75 metres of 17.8 g/t gold plus 0.9% copper).



East New Britain
The ELA covers about 2,055km² and limited bulldozer trenching at Doilene Prospect included 10.9m of 26.9 g/t gold (incl. 40cm of 136.4 g/t gold and 1.0m of 147.8 g/t gold), 2m of 16.9 g/t gold, 4m of 9.84 g/t gold, 3.5m of 5.14 g/t gold and 3m of 4.65 g/t gold. These trench anomalies have never been drilled. Visible gold and anomalous pan concentrate gold values are noted associated with an altered intrusive dyke and previous soil sampling was relatively limited. Scout drill testing is warranted.

A toxic element anomaly at Mali was defined over an 80 km² area associated with the Sikut caldera. The LK1 Breccia Prospect returned outcrop sampling up to 2.5m of 9.6 g/t gold with grab samples to 17.8 g/t gold. The Palang Hill Prospect is a 500m by 100m brecciated and veined zone with trenches to 12m of 2.64 g/t gold in the central part of the prospect and 15m of 2.13 g/t gold in the northern section of the area. A 2.5 m channel returned 9.66 g/t gold + 0.20% copper + 12 g/t silver. Alluvial platinoids (Pt, Pd) and gold occur in two adjacent tributaries [pan concentrates to 29.44 g/t gold (385ug), 22.7 g/t Pt (282ug) and 0.45 g/t Pd (5.5ug)] and there has been no follow-up in the 3 km² target area.



Central New Britain
The Uasilau / Yau Yau porphyry copper molybdenum Prospect is an elongate ~9,000 x 2,500m zone of anomalous copper in region with variable ash cover and gold anomalism. There is a large associated area of advanced argillic alteration possibly representing unevaluated epithermal gold mineralisation potential. Gold analyses are limited, but where they exist, significant anomalous areas in soils and rock chips warrant follow up, in addition to the porphyry copper potential.

Located ~14km south of Uasilau, the Pelepuna Prospect is a zinc +/- gold skarn and un-drilled porphyry. Neither Uasilau nor Pelepuna have had ANY exploration conducted for about 25 years



AWARI

Miocene intrusive related porphyry copper-gold systems (approximately 101 km² ELA) at Awari are thought to be prospective for intrusive related [Porgera type(25Moz)] high-grade gold and bulk mineable deposits.

Five prospects were defined by using pan concentrates to 3,408 ug gold and BLEGs to 113 ppb gold, but only 1 has been followed up. Soils assayed up to 569 g/t gold, rocks to 7,100 g/t gold, channel chips to 7.75m of 15.7 g/t gold and from limited drilling, intercepts to 7.8m of 15.7 g/t gold.

The project has untested exploration potential requiring evaluation.



LEONARD SCHULTZ

This approximatly 1,186km² ELA is located on the northern edge of the central cordillera of PNG, straddling the Leonard Schultz Thrust Zone, proximal to the Frieda River porphyry copper and epithermal Prospects (>9M oz gold + 3 Mt copper) and covers a diverse suite of copper +/- gold rich intrusives, ultramafics and metamorphics.

The undrilled Kru Prospect is defined by gold in soils (to 51.1 g/t gold) over about 2,500 x up to 500m. Limited trenching include results include up to 5m of 12.33 g/t gold , 20m of 3.52 g/t gold, 15m of 3.70 g/t gold and 20m of 2.4 g/t gold.

Lateritic nickel has been documented in 2 auger holes located about 2km apart. Only 6 auger holes were drilled in the region in total and included 10.3m of 1.28% Ni and 9.6m of 1.30% Ni + 0.13%Co.



BULAGO

The Bulago ELA is about 365 km² contains very high gold grades associated with intrusives in narrow to moderate width structures.

Rock samples include: 197 g/t gold +363 g/t silver, 142 g/t gold + 108 g/t silver, 73 g/t gold, 108 g/t gold, 145 g/t gold . Outcrop samples include : 15m of 57.4 g/t gold, 6m of 72.2 g/t gold, 0.85m of 754 g/t gold, 2m of 188 g/t gold (re-assay of 220 g/t gold), 1.4m of 55 g/t gold +34 g/t silver.



JIMI VALLEY

The ELA has more than 18 named prospects. At Mul Mul, surface geochemical anomalies were never closed off and are 850m and 200m long respectively. Trenching revealed 16m of 0.8 g/t gold + 70 g/t silver + 2.5% copper + 2.2% lead + 6.4% zinc and 8m of 0.9 g/t gold + 126 g/t silver + 3.7% copper + 6.3% zinc. A soil sample near another trench with 6% copper + 16% zinc + 7 g/t silver ran 2.3 g/t gold.

Channel sampling of 5m of 13.2 g/t gold at Kolum-Togo Prospect with float samples to 2.9% copper. Several 2 to 5m zones at Weitah Ridge assay up to 7.3 g/t gold. Channel sampling resulted in 17m of 1.2 g/t gold. Mineralised brecciated rock with a clay matrix occurs in fault zones with rock chips assay to 0.5% zinc, 0.1% copper and 2 -3 oz silver/tonne at Kanska. The prospect has not been tested for gold. Shear hosted pyrite veins assay up to 3m of 2.7 g/t gold, and 20m of 2.4 g/t gold at Lower Rioron.


And they have more projects in Tasmania!!!!!!!!!!

 

[mick2006]

Been quiet most of the morning then in the space of 15 minutes. Bang Bang and 1 million shares went through in 2 blocks. And the price is up 7.5% with not many shares left on offer and the enticement of a JORC upgrade due shortly, could this be the beginning of a run?

 

[Ken]

Has to clear 15 cents I reckon, possible, an announcement.

A few big buy orders for the options should do it reckon... hopefully this sleeping miner is about to be woken up

 

[Pat]

Is anyone else getting an announcements symbol on comsec? Bugger's tricked me into thinking there was some (maybe great) news.
There is nothing there when you click on the symbol nor anything on FNT's web site.
Comsec seem to be having a few issues lately....

 

[vert]

here is the link, my commsec seems to be ok ......................................more dottssssssssssssssssss......

 

[chicken8]

yeah i had that problem a while ago

got the announcement now though. it's not price sensitive so don't worry

still a week or so to go before the important announcement comes

 

[Jay-684]

The announcement symbol will show up on Comsec slightly before the announcement is made.... no idea why this happens though, sorry!

Meanwhile, any reason for why FNT can rise almost 4% today and FNTO falls 18%? I'm assuming it was just a few people taking a ~50% profit on their options they bought around 2c a while back?

And just to clarify, the exercise price is 20c?

 

[chicken8]

for me. sometimes when the day's trading has closed. there'll be an announcement made at 6pm and i won't get the announcement symbol until pre-open the next day

stupid commsec

 

[Ken]

What do we value the options at?

November is 6 months away, not a very long time away if thats when they expire.

And for the FNT share price to get to 20 cents then plus some, it would have to have something spectacular happen within that time frame.