Mercury9. Nice to see the POG break into the $1,800s per oz and with the US "market" continuing to gyrate like an idiot on Ice, assisted greatly by the leader of the largest economy on earth, that POG is perfect timing for a start up gold producer.One thing is still unclear as to WHEN that mining will commence, even after the ML IS granted.
From the AR, apart from the "deal" with Maroon, progress on this factor has not been clarified and "might" still be a delaying factor that maybe should still be taken into consideration.
"Due diligence is ongoing in relation to toll treatment options which will determine the optimal processplant to be used and also establish the road transport route and as such allow the finalisation of theroad maintenance agreements with parties from both the State Government and Local Councils.Terms are expected to include a tribute arrangement in which the plant owner will be responsible forall costs associated with mining, transport and processing of the ore, with Laneway receiving a goldtribute payment, effectively nullifying its capital requirement and budget over run risk to the mining andprocessing costs, but still receiving significant upside to the gold sales from the recovered product."
On that basis, road maintenance and transport will not be LNY's problem and the operator, Maroon, would need to satisfy those requirements. How far has that progressed?
And, of course, the effects of the "wet season" is a complete mystery.
Still early to pop the corks, but, pop we will and the first things to go will be those .004s!!!.
