LNY 0.00% 0.6¢ laneway resources ltd

Ann: Quarterly Activities Report, page-72

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  1. 13,065 Posts.
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    Yes Dugsab. NZ "looks" great for that Jubilee vein and shows great promise. But it was from a very small area and my point is that even if it proves to be consistent and very viable and even if we get a J/V partner to do the work (LNY won't DO any work), we are talking many years of development before we will see any return, unless we just prove it up and sell it a la Arrow and Bow Energy where SB made his fame and fortune (and following!!).
    I am also very cognizant of the fact that the ML for Agate Creek is only from 10% of the entire project, so, there will be further drilling when cash starts rolling in and who knows what they will bring in.
    But, again, we are talking many years.

    And nothing eases the fact that management does NOT share basic facts with its shareholders!!
 
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