How do you know EOPL has let the team down, dugsab? Do you have...

How do you know EOPL has let the team down, dugsab? Do you have inside knowledge?

All I know is that LNY provides very little useful information to its shareholders. All generally cut and paste with the odd change here or there. I also know the quarterly is a LNY document. I also know if you are incompetent or make a bad mistake then it is easy to blame someone else, especially so when no one else knows any different. Like most shareholders I haven't a f...ing clue as to what is going on. Can only surmise.

Why the mill isn't ready? I am sure it is in EOPL's interest to have the mill running so that they can get a return on their investment. Therefore can only surmise that EOPL knows LNY is miles away from any resolution to the agreement with the TO so ne need to hurry. If the agreement is reached and the ML issued and the mill was not ready then EOPL would be at fault.

I accept EOPL appear to have a good deal. But whether it is LNY or EOPL that own the mill, there will be a cost of getting the gold out of the ground and if the AISC is say $700/oz then the mill owner is entitled to this plus some profit element. What the cost & profit recovery mechanism is will be agreed between the parties. Unfortunately LNY comes from a position of weakness as it has limited funds so I would expect EOPL would end up with the better end of the stick.

The EOPL deal is only good for either party while the 80,000oz or so of high grade gold is mined. IMO LNY will at some stage buy/build their own plant once they have made some money to complete the required drilling.

All I want, like all of us, is for the negotiations to be completed, the f...ing ML issued and some soil being dug up.