Originally posted by tman6571
Thanks Gassed - much appreciated - I thought it may have been something like that though I do not know
how they are aware of the gpt of gold in the ore - what comes out from the processing is a matter of fact
and is what is sold which is what we are interested in with this initial 100K tons of ore.
A couple of comments about the Qtrly Report which I also think is a good one - they say that from the
Agate Creek processing "Laneway anticipates achieving material positive cash flow" and concerning
the Ashford coal project " Laneway sees considerable shareholder value creation potential" from it.
The words MATERIAL and CONSIDERABLE in those 2 statements makes the report a pleasure to
read.
On another point and not necessarily for yourself to answer, I am interested to make a rough assessment
of the cost of hauling the ore as part of the processing procedure and I am hoping that someone who
reads comments on this site may be able to assist. Does anyone know the likely trucks which may be
used for this purpose and if so, the size in tons of the load they can carry. I understand that the trip to
Charters Towers and back is about 1200 to 1300 km and takes about 8.5 hours each way. If the truck information
is available a simple back of the envelope calculation can be made to assess how significant that cost is
in the total to be paid for processing.
I do not expect any significant upward movement in the LNY SP as a result of the granting of the ML as
I think all involved now expect that to happen but I think the GPT achieved from the first gold pour will, if
good or hopefully excellent, be the start of an significant upward movement which I hope to see.
A good or hopefully high GPT is important. If it is good then at the end of the processing they can
negotiate an extension of the arrangement with Maroon (assuming they have more high yield ore readily
available) and give themselves time to hopefully progress towards doing the processing on site.
Comments from anyone who has any helpful knowledge are welcome. tman
than6571. Please don't think I'm trying to hog the answers and I really do hope that others, and there are some excellent others, will give you their views for all of us to share.
I'll just start the ball rolling as I seem to have the most TIME on my hands.
This should provide you with some guidance re the transport questionl. " The Mining & Processing Agreement with Maroon Gold provides for Maroon to undertake and meet thecosts of the mining, transportation and processing of up to 100,000 tonnes high grade ore under Laneway’ssupervision through Maroon’s Black Jack Gold Processing Plant located outside Charters Towers."
My take on the Maroon deal is that management are using what they have identified as the quickest way to get some cash in the bank. They don't care what the costs are.
JUST 100,000 tonnes (from 8 million) with relatively consistent good yield, proven by those latest drill results, with minimal "mining" involved in what they call a "simple shallow open cut " operation. They were very happy to get the deal with Maroon and, IMO, happy to accept what, I believe to be, generous terms for Maroon. Charters Towers is over 612ks from Agate Creek!!! Black Jack has capacity to expand to 340,000 tpa, this deal is really chicken feed and "could" even be a one off if
LNY aren't satisfied with the nett result.
It's all about cash, as quickly as possible. Maroon held all the aces. IMO, what comes after the first 100,000 tonnes is another ball game altogether, watch that space, LNY won't be so desperate!!
