Thanks @gassed ...I note the warm and sincere welcome you received from our friendly neighbour - robbo
I also note the Mod's comments
LNY have a few strings to their bow (other than NZ):
I find this article explains it best: http://mininghive.com/news/1466/laneway-resources-to
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The revenue split will apply above a 4g/t head grade.
So essentially, 4g/t is opex and capex,
Opex/Capex: 200,000 tonnes @ 4 g/t = 28,219oz @ AUD1685/oz = $47,549,015
LNY revenue split
- 80,000t @ 5.8g/t (9.8 - 4) = 16,367oz – 300oz = 16,067oz x 60% = 9,640 oz @ AUD1685/oz = $16,243,400
- 120,000t @ 5.8g/t = 24,550 oz x 70% = 17,186oz @ AUD1685/oz = $28,958,410
LNY total $45,201,810
Mill grinding capacity = 200,000tpa (soon to be 550k tpa - see below)
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Points to consider:
3rd party processing options - the Georgetown Mill is currently being taken off Care and Maintenance - minor upgrades and repairs are being competed with a plan to recommission it in the coming months.
Mine planning is complete
Etheridge has further advised Laneway that, in addition to bringing the Georgetown Plant back into production at its full 200,000 tpa capacity, it has acquired a further 350,000 tpa milling capacity through its purchase of the Collingwood hard rock tin plant near Cooktown. The Collingwood circuit includes a modern 1992 Marcy ball mill, which combined with the existing Georgetown milling capacity provides the potential to boost mid-term gold production from Agate Creek by significantly lowering the cut-off grade for ore that could be economically processed through the plant. (17 Feb 2016)
*******Terms for a gold and silver refining and sales agreement for up to 100,000 ozs of gold production have been agreed with Australia’s second biggest precious metals refiner, Focus Metals. (17 Feb 2016).
I expect we'll see robbo across here shortly
LNY Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
