How are they going to recover 8g/T gold when mining from the...

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eastwest101

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15/02/19

14:28

Post #: 37450629
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Originally posted by dugsab ↑

Originally posted by eastwest101
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?
$3mil is an outrageous estimate.

More likely $17mil, based on 8g/t recovered and AUD1800/Oz.

If if you consider otherwise, don’t invest

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How are they going to recover 8g/T gold when mining from the JORC measured resource of 89KT at 6.1g/T Au? The company's own information states that the calculated grade of this ore is 6.1g/T. Someone is going to have to be adding 1.9g/T Au to every load of ore that goes to the Maroon plant for that 8g/T recovered figure to be true.

LNY Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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How are they going to recover 8g/T gold when mining from the...

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MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game