I suppose that I have one central question for the BoD at the AGM.
Given that:
1. at Agate Creek gold indicated & inferred is 367,000oz (noting grade 1.4g/t);
2.an Enterprise Value (EV) per ounce of gold in Resource (EV/oz) sector average in the market of ~A$135/oz (source Bell Potter research); and
3. thus providing for an EV.of $49,545,000.00
Why is LNY's market capitalisation (fully diluted) only $29,000,000.00?
Remembering that this ignores fully any value in NSW and New Zealand.
I have many other specific questions; the announcements due and the AGM may address these, time will tell.
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