Love this photo for perspective of what LNY is actually achieving.
Sometimes I find I need to step back out of the trees and look at the forest...
Towie that could be you in a couple of years or so, in your new Pierre Cardin suit, running your hand over the bars?
Possibly before you head off for your regular two month winter stay in the Maldives.
I did some calculations on the amount of gold in the photo.
Our proven LNY JORC 470,000 oz reserve of gold is equal to about 1070 gold bars.
This is what we have proven up already.
That would be almost five layers showing in the photo.
There are 230 gold bars in each of the top rows
Each row is worth approx $269M
So our current proven known gold would be equal to say 4.65 rows = AU$1.25 Billion
The current LNY drilling plans will add more gold JORC = more layers of bars.
We need to get our total JORC up to approx 1.3M oz to claim the entire stack. (excluding the piddly two steps on the left.
IMO I am confident we will get there.
Next step. Let's get a processing plant going asap.
GLTA
- Forums
- ASX - By Stock
- Ann: First Blast at high grade Sherwood Pit at Agate Creek
Love this photo for perspective of what LNY is actually...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SVG (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.183M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 182000 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 3242 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 182000 | 0.023 |
1 | 45 | 0.022 |
1 | 59320 | 0.020 |
1 | 26053 | 0.019 |
3 | 450000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 3242 | 1 |
0.030 | 233748 | 3 |
0.040 | 100000 | 1 |
0.050 | 162510 | 1 |
0.000 | 0 | 0 |
Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
Featured News
SVG (ASX) Chart |
Day chart unavailable