Kcof, I hope nobody has bought these shares based on that logic.
That $650 million is IN THE GROUND. They will be VERY lucky to gross 25% of that, i.e. $160M,or about .04 per share!!! The ML is just for 10% of the project and the other 90% is years away!!! Let's all get real here.
The only thing going for us in the near to mid term future is the granting of the ML spike and then it's an even longer wait!! IMO, us older blokes will never see a dividend in our lifetime.
What does Dugsab think of Kcof's logic?
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
