trojen1. There is NO "simple answer" to your question. We will...

trojen1. There is NO "simple answer" to your question.
We will need to see the NETT returns to LNY AFTER the first 100,000 tonne lot is processed just to make a "valuation" on that lot alone,which we are told is from their "high grade" findings in the project.
But, this first mining licence that LNY has just received, and very close to commencing, represents just 10% of the entire Agate Creek project and there are 8 million tonnes of "dirt" that needs to be mined and processed.
YOU can get all that information from reading the latest reports and announcements that are there for all to see.
This first 100,000 tonnes from the "high grade" area could be a one off and future valuations can only be based on results of future drilling which "could" change the estimates that are currently printed in their reports. This is a classic DYOR!!!! But, yes, LNY will soon be a gold producer WITH INCOME!!