So, what are we suffering to wait for, realistically. ?Time to escape the cocoon and think outside the square?
I.M.O., most important. Settlement of the TO Agreement. Who knows how long that will take given that it only went from LNY in late November?
We get Agreement settled with the TOs.
Then to go to the NQLC for an Indigenous Land Use Agreement (ILUA). How long will that take?
We get the ILUA.
Then has to go to the DNRM for the Mining Licence. How long will that take?
Now, management "should" be able to give us a more definitive time line there, BUT, they're probably guessing as much as we are, EXCEPT, they know where it's at NOW!!! So, so should we!!
O.K. We get the ML. Who mines Agate Creek? Is the EOPL agreement still operative?
Where does it get processed? Is Georgetown still the mill?
We're guessing, BUT, again, management must have a fair idea on both questions. So should we!!
What say that's all fixed, what does that all mean to us? ST moderate SP spike with probable big dump?
LT, cash flow (near majority going to EOPL), pay loans, cash in bank, say, 9 months later. S.P.?
N.Z. ONE 700 odd metre hole. Two core samples being assayed now (so we are told). Best case scenario, nice rich results. When do we get them?
So, what does that mean to us, ST and LT? ST, SP moderate spike, big sell off?
J/V, how long will that take to set up and how long will it be for the next hole to be drilled?
Worst case scenario, a dud. What does that mean to us?
Ashford? Best case scenario. They'll prove up to the stage of obtaining a ML. How long will that take? What effect on S.P. ? Then what??? J/V? Transport? Sell?
All of this with no cash, debt financing, all being done on promised loans from S.B. or further dilution with cheap placements to S.I.s.
Can we have an objective discussions on all of this?
LNY Price at posting:
0.4¢ Sentiment: None Disclosure: Held
