LNY 0.00% 0.6¢ laneway resources ltd

Ann: Grant of Mining Lease for Agate Creek Gold Project, page-75

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  1. 13,065 Posts.
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    It's gone up $1,000 in exactly 12 years and trebled in price in a little over 13 years!!!  That's when the AUD was between 75 and 79 US cents, so the current 71 US cents adds up to 10% just for the exchange rates.  Even with that consideration, today's price is amazingly high when world inflation is extremely low, but, "tensions" (coincidentally commencing with "T") due to economic and political uncertainty, are  very high. Can't see any of those changing soon, but the actual grade produced in the first batch and then what comes out of the (essential)  second batch, whenever both happen, will be critical in determining MC/PEs etc.
 
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