Australia's largest stock trading and investment forum Australia's #1 stock forum

LNY

Click for more information

0.00%

0.6¢ laneway resources ltd

Hi mazuma,Gross profit, since the 3.5g/t and 40% revenue split...

First 90 Last

Share
Profile

Follow
dugsab

1,991 Posts.

49

22/03/19

00:56

Post #: 37846491
Share

Originally posted by dugsab: ↑

Hi tjsol,

In past anns, the company has stated it is targeting “+8g/t”. Furthermore in the most recent Ann, the company states the following:

”The results of the recent drilling program that returned spectacular high grade gold assay results (refer ASX Announcement of 14 January 2019) are being incorporated into the existing resource model with final ore block definition to establish key mining areas near completion. Numerous and consistent high-grade intersections were encountered in the recent drilling program with several intersections exceeding 100 g/t gold and grades of up to 564 g/t gold.”

I think it is most likely the 6.01g/t figure (high grade sub-set) will increase. But until then happy to use the 6.01g/t figure.

6.01g/t - 3.5gt = 2.51g/t x 60% = 1.506g/t

1.506g/t x 100,000t = 150,600grams = 5,312oz

5,312oz x AUD1850 = $9,827,200

Black jack plant recovery rate = 90-95%

Therefore,

$9,827,200 x 92.5% = $9,090,160

Expand

Hi mazuma,

Gross profit, since the 3.5g/t and 40% revenue split to Maroon essentially represents opex & capex.

LNY Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

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

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

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

ACW

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

CXM

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

There are more pages in this discussion • 117 more messages in this thread...

First 90 Last

Add LNY (ASX) to my watchlist