SVG 0.00% 2.2¢ savannah goldfields limited

Love this photo for perspective of what LNY is actually...

  1. 1,224 Posts.
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    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
    https://hotcopper.com.au/data/attachments/2595/2595727-6c7802595e0fabb1361996b09568f3f1.jpg


    Last edited by Rhazzle: 27/10/20
 
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