LNY 0.00% 0.6¢ laneway resources ltd

Thanks Dugsab. And the coal and NZ ones, if successful, are...

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  1. 13,065 Posts.
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    Thanks Dugsab. And the coal and NZ ones, if successful, are years away from producing any income, unless they happen to be able to sell both of them and walk away, which, they don't seem to be considering.
    And what about the time lines for Agate Creek, that resource of 381, 000 ounces comes from 8.2 million tonnes. We need to know the capacity of the processing plant to guesstimate how long that will take to process. EOPL, if it still exists, has a "potential" of 300,000 tonnes p.a., at best, that's 27 years.!
    Sure, that first lot will come from the high grade zone at Sherwood of 89,000 tonnes @ 6.0g/t which will certainly give them a kick start and some serious cash, but, it will be slow going from there when they get down to the lower grades.
    I still reckon the only clue that we've been given is the seeming urgency of raising funds and having to use 15% CNs. IF they don't have any idea of the time lines for getting the TO agreement and the ML, that, to me, is managerial negligence. Surely not??!!
 
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