Ann: Grant of Mining Lease for Agate Creek Gold Project, page-64

whilst it would be great to see 8 grams per ton and I won't complain if we do, I'm sticking with the companies 6grams per ton calculation and then using the worst case scenario of 90 percent recovery rate which brings us down to 5.4grams.  

from there 5.4-3.5(maroon get first 3.5 to cover costs) leaves us with 1.9grams 

laneway get a 60percent share of 1.9grams which means we get 1.14 grams per ton 

From there the first 50,000ton gives us 57,000grams.  50,000X1.14=57,000grams or 1,800 ounces of gold 

1,800ounces x$1838 (price of gold in aud)=$3,308,400 for the first 50,000ton of thru put.

if we think the first 100,000ton can maintain 6grams per ton just double the $3.3million figure and we are in for approx 6.6million with no financial risk to laneway