Why we should be excited, page-10

Dugsab. Doesn't the fact that this deal with Maroon Gold is only for 100,000 tonnes suggest that management wants to maximize a return as quickly as possible.  It also suggests that management DO expect to get that overall 8g/t from that batch.

The Black Jack plant is apparently capable of 340,000 tpa which should see that 100,000 tonnes going through in about 4 months and as such, is probably slanted much more favourably to Maroon Gold than Laneway.   

This 100,000, "high grade", from what they have published, is expected to be  ("looking for") the cash cow to set them up from their current parlous financial position.  With that cash in the bank, Laneway would be in a far better position to set terms that are far more favourable to them, especially due to what appears to be lower grades to extract the bulk of the balance of that 381,000 ounces. 

Based on a "trust" factor, I'm seeing this deal to be far better than the Georgetown one and if Maroon Gold performs to expectations and a good relationship established, then why shouldn't they continue under a new deal going into the rest of the 689.3 hectares and beyond?

I simply cannot imagine Laneway management getting directly involved in mining and processing.  That 100,000 tonnes is, literally, barley scratching the surface of the entire Agate Creek project which could go on for over 20 years!!!

Maybe Maroon Gold could take on the Georgetown plant to reduce costs?

But, it's still all about the ILUA and I, for one, am going to re-start my enquiries at government and other levels to see what is causing the delay. The Queensland Resource Council, who's Chief Executive waxed lyrical about the Maroon deal, with a bold headline on the front page story in the Townsville Bulletin yesterday, seems a good place to start??