At least this forum hasn't gone dead. Good reading. Dugsab. Gee,...

At least this forum hasn't gone dead. Good reading.
Dugsab. Gee, Charters Towers is an extra 500K away and it would only be for the toll treatment.
With all of their supposed "alternatives" it still doesn't answer the question of who would then do the actual mining and transporting that is all inclusive in the EOPL agreement?
I know that there are doubts, even suspicions, about the EOPL operator that has the agreement, but, when you see :-
P Marshall LLB, ACA (Company Secretary) holds a Bachelor of Law degree and is a Chartered Accountant. He has more than thirty years experience including over twenty years spent in commercial roles as Company Secretary and CFO for a number of listed and unlisted companies mainly in the resources sector.
Early in Stephen Bizzell's BCom, MAICD (Executive Chairman) career, he was employed in the corporate finance division of Ernst & Young and the tax division of Coopers & Lybrand and qualified as a Chartered Accountant.
Plus his present position as Chairman of Bizzell Capital Partners, it's not unreasonable to think that these guys would know all about the EOPL people and would have done their due diligence on the EOPL operator. Surely!! The guy even attended the AGM and from some enquiries "appears" to be "above board" with the LNY agreement.
Who knows? It is a notoriously "dark" business this gold mining and processing and like everything else, we have individual choices as to whether or not we trust the judgement of those people in management who make those decisions.
Sadly, they don't seem to reciprocate that trust with inclusive announcements to their shareholders.

The ML is TOTALLY dependent upon the Traditional Owners reaching an agreement to allow LNY to mine (that VERY small portion of) Agate Creek. This is a very worthwhile read to indicate the "potential" time involved. The LNY "offer" IS currently with a legal representative of the North Queensland Land Council who is assisting the Ewamian People in their negotiations with LNY. They apparently only received LNY's "offer" in mid November 2017.

http://nqlc.com.au/index.php/about/what-we-do-2/facilitation-assistance1/

IMO, there is quite a lot of "discussion" that has to take place to firstly get the Ewamian People to be prepared to agree to a settlement with LNY and then the NQLC to certify it. People, lots of them, public servants, procedures, etc etc. So, who can put a time line on that? ALL we DO know, is that LNY's (initial?) part of the process is in the hands of the lawyer for the NQLC, so, the process IS "proceeding" and that's ALL that can be deduced from the FACTS that WE have elicited from OUR own enquiries.
So, with all of those requirements, we really have no choice but to wait and see or walk. But, in saying that, at least we DO have processes happening, NZ core samples HAVE been sent to the assayer and the traditional owners agreement IS in the right hands. They ARE HAPPENING!