LNY Chart Thread, page-59

Surely SS. some post 31 December progress information is included in next week's QR. Not long to wait. Otherwise, that "doubt" will still continue. IMO management does know who punted that $168 million on 4 Jan and why. If it's not immediately price sensitive why won't they include it in the QR?

This is interesting, not just re MRR, but current market caps.
No exploration drilling results have been released from any company operating in the Pilbara yet. Scale and continuity, essential for a commercial project, could be difficult and depositional theory has not been demonstrated. The influx of juniors into the area has been swift and a shift is underway from surface sampling to drilling. This will help solve some of the questions posed by the market and start the process towards firming up a reportable resource. There will inevitably be winners and losers but at this early stage they are difficult to pick. MRR have entry to this new area through its prospective acquisition of the five properties and only exploration will confirm whether an economic gold deposit exists on its properties. It implies that we believe that all companies have an even chance, at this stage, of finding a gold deposit. Using the average of AUD24M market capitalisation.........
NO exploration drilling results, no drilling(!!!), very difficult location, yet an AVERAGE market cap of $24 million!!!!

LNY's Market cap is $13 million. COMPARE what LNY HAS got and where!!!