Now Towie, I reckon you've had a bit too much Vegemite. $800 million? Morelike $650 mil.
Remember the ML is only for 689 hectares and that 381, 000 oz is from 8.2 million tonnes of dirt.
And with wet seasons, costs of production, rate of production, sharing agreements, royalties etc, all of which we have absolutely no idea about (!!!) it's a brave call to be making any time lines for profits.
That's why we must be told WHO the miner will be and on what terms, the processor, where and what capacity, before we can make any judgments re financial returns, i.e. MATERIAL information that all shareholders should know to enable them to make a responsible decision. ALL missing!!!
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
