Almost There!, page-19

Towie.  Just a reminder, that 381,000 ounces at today's price of AUD$1,816 per Oz is "worth" $700 million and that's just from 10% of the Agate Creek lease owned 100% by LNY.  
Seeing that they will only be getting around 55% of that on average, with their toll deals, it's still 9.6 cents per share. With a Mining Licence, how will the market "value" that?
With the Mining Licence, in the very short term, it can go from a company in debt, with no income, to the distinct possibility, from what the Maroon MD said, of having over $20 million cash in the bank. "“All the native title agreements were resolved before Christmas, so we’re hoping that the mining lease comes through before the end of this month – which would see mining commence late February/early March,” Mr Pattison,(Maroon's MD) said.  Stage 1 of the project would run about four months and employ about 20 people."