LNY 0.00% 0.6¢ laneway resources ltd

Thanks very much and a great effort to check back with the...

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  1. 1,378 Posts.
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    Thanks very much and a great effort to check back with the company about the details of the toll treatment arrangement with Maroon and LNY. To Scott's credit he has answered your questions clearly, so that we can understand and calculate the share of gold that is likely to be attributed to LNY, as I expected, the returns are fairly modest but so is the Market Cap of LNY.

    As I suspected - if everything goes exactly as planned and somehow they control all dilution the potential upside to this initial batch (which is also the highest known grade ore and best understood) is quite modest.

    I guess the next question would be that if say $3M flows into the coffers of LNY during this mining campaign, and there are no disputes, hiccups or other technical problems, what will LNY do with this cash? Presumably explore for and drill out another years worth of ore and campaign mine it in 2020?
 
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Currently unlisted public company.

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