LNY 0.00% 0.6¢ laneway resources ltd

Sorry Bigunks, not good enough!....you still have your work...

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  1. 1,991 Posts.
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    Sorry Bigunks, not good enough!....you still have your work cut-out for you!

    EOPL have let the team down.

    With respect to your "production risk", which is irrelevant to our discussion (but I'll play..) -
    1. Who did the drilling, and consequently know the dirt intimately ??!
    2. Who gets the first (1st) 4g/t. The revenue split will apply above a 4g/t head grade ??!
    3. Who gets the first (1st) 300 ounces ??!
    Answer: EOPL

    LNY indeed bare the "risk" that the dirt grade is greater than (>) 4g/t.

    Now back on point - Why the f# is the mill not ready!

    - EOPL knew the Landowner compensation agreement was coming to a close.
    - EOPL know the Ewamian People, and know the deal is not that hard.
    - LNY advised EOPL it wanted the Mill ready to go in September.
    - The Mill is idle, and has been so for years, perhaps LNY should "dictate to EOPL how to run its own business".
 
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