20mill, just get it straight first, I thought we had covered this between myself, dugsab & gassed at some stage earlier. Yes, they drilled in December, they did not finish. They got to 520m(very loose number from memory), then the drill crew took off for Xmas, NY, then the customary fortnight where no one does anything. Drilling I’m told wasn’t completed until late Jan, then delays in shipping samples through customs, then samples being caught up in the post Xmas backlog. I’m saying results weren’t material until late March, giving them benefit of the doubt.
When I spoke with LNY representative this week I was told these results will be in the quarterly! I’ll be disappointed if they aren’t, just on the principle of what I was told, immaterial of the numbers.
Now I’m not excited one iota about the NZ results as my sceptic mind tells me if they jagged a ripper result they’d have alerted the market, no ripper result = no news of interest. This drilling was merely a formality to appease the NZ govt.
Moving on, these NZ results aren’t what we are chasing. WE ARE ALL ABOUT agate ck.
I have been told the native title agreement is the last piece of the ML puzzle, it needs approval from both parties and then once qld mines dept ticks it off we build haul roads and truck the ore to the chosen processing mill.
LNY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
