New Zealand, page-14

Thanks 20MilNoLess77 and Dugsab for reminding readers that LNY is not a one card trick company.
It is indeed very interesting to follow NTL and to do some comparisons. I don't know if they are perfect apple to apples but not unreasonable. In fact, the closer you look at the relevant data just reinforces how comparatively undervalued LNY is by this market.
NTL has a MC of nearly $40 million at today's prices. LNY's is $12 million.

Note that NTL is miles away from actual PRODUCTION compared to LNY, which is just that darned ML away, enabling the market to assess LNY today as a company with stuff in the ground but no cash and no mining licence i.e. MC $12 million.

But, take a look at the comparative numbers and I won't spell them out in their fullest here as they are easy to read as direct comparisons from the relevant official data

But, just as an example, they have a JORC estimate of 427,000 oz of gold equivalent, LNY's is 381,000 oz of contained gold.
NTL would be limited to production to comply with a "resource consent" of just 20,000 cubic metres p.a. which translates to around 40,000 tpa and give them their stated JORC average of 23.64 gpt, translates to around 945,000 grams or around 35,000 oz p.a.
LNY's first year's production is aimed at around 100,000 tpa with the conservative content of 11gpt or 1.1million grams or around 40,000 oz. and with the potential of up to 300,000 tpa, with an uncertain grade at this stage, but, who knows?

I appreciate that it is far too simplistic to do apple to apple comparisons, but, just remember that those LNY figures are current for just 10% of the Agate Creek project and not one cent is included for ANY for their NZ project and of course Nil for its Ashton coal!!!


Market cap $12 million.???