LNY 6.25% 0.9¢ laneway resources ltd

If you look at the drill holes 019, 030, 032, 033, 020, 045, 044...

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    If you look at the drill holes 019, 030, 032, 033, 020, 045, 044 &043; you will discover thet there is about 21K tons of ore @ an average of 15 G/T
    or 315K grams of AU ( 10,160 ozs) and with all probability according to the milling agreement , LNY will own 4,670 ozs of this or $8.4 mil AUD.
    This is the area which current mining is leading into. Of course LNY in its wisdom may chose to select and/or blend lower grade ore to prolong the
    current mining contract. It has already mentioned that there may be less ore processed but higher grade so gold production will not be impacted.

    To compare LNY's share price to that of another miner is pure speculation and ignores the credibility of LNY already released data.Instead, IMO, it is more reasonable to look at drill data already published and from it derive your own guesstimate of LNY's gold share & probable revenue.

    All of this IMO, only, and investors should always consult a licensed financial advisor before making any investment decision
 
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0.9¢
Change
0.001(6.25%)
Mkt cap ! $29.44M
Open High Low Value Volume
0.8¢ 0.8¢ 0.8¢ $1.7K 200K

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