LNY 0.00% 0.6¢ laneway resources ltd

"• Laneway has also commenced work to upgrade the mineral...

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  1. 13,065 Posts.
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    "• Laneway has also commenced work to upgrade the mineral resource to 2012 JORC compliance and aims to progress the project by progressing the existing Exploration Licenses 6234 and 6428 to a Mining Lease Application within the next 6 months. It is planned to commission a feasibility study during the Mining Lease assessment period focusing on the mining and transport of the Ashford premium metallurgical coking coal product."

    I really don't think that S.B. wants to be a coal miner.
    Like he did with Arrow, I reckon that there is every likelihood that after that 6 months, upgrading the resource to JORC requirements, getting that feasibility study, and getting the ML, Ashton will be on the market at a very juicy price.

    Also ties in with the top of Page 35 of the Audit Report
    Last edited by gassed: 30/10/17
 
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