as you are also crunching numbers. I come out with LNYs portion...

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tomato69

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27/05/19

12:29

Post #: 38759163
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Originally posted by moorookamick: ↑

Obviously LNY is not cherrypicking the rich patch by instead mining its way towards it.
15000 tons at 10 G/T stockpile will yield LNY:

15000 x 0.6 x 6.5 /31 x $1830 x .98 = $3.385 mil + $1.5 mil already in the till
= $4.885 mil. with more high grade to come, IMO.There is likely an additional
2 weeks throughput in the system ( say 25 T/P/H or say $1.2 mil LNG's share)
All IMO. Please do your own DD and calcs.

15000 x 0.6 x 6.5 /31 x $1830 x .98 = $3.385 mil + $1.5 mil already in the till
= $4.885 mil. with more high grade to come, IMO.There is likely an additional
2 weeks throughput in the system ( say 25 T/P/H or say $1.2 mil LNG's share)
All IMO. Please do your own DD and calcs.

NB @ 25 t/p/h, 15K ton would take 25 days processing 24/7 which means we should have at least
at least $6 mil revenue by 30th June, again IMO.

IMO the excellent drill results looks like LNY will have a full mining operation at Agate Creek within 18 months:
"Chief Operating Officer Scott Hall commented“These wide; high grade; continuous; mineralised zones show the potential to be upper portions of a deeper bonanza grade feeder system, often found under epithermal gold deposits. Whilst confirming further high grade ore for the current mining operations, these drilling results also encourage further deep exploration on the broader project area.”Obviously LNY is not cherrypicking the rich patch by instead mining its way towards it" ( See ann above).
15000 tons at 10 G/T stockpile will yield LNY:

IMO the excellent drill results looks like LNY will have a full mining operation at Agate Creek within 18 months:
It will have the $s and with a bit of luck it will have lots more high grade high grad ore

The amazing thing is, IMO, that the MC is still under $30 mil!

Expand

as you are also crunching numbers.
I come out with LNYs portion at 0.1799 oz/ton
with 65 000ton
@1700/oz
= +$19mill LNY share
maybe its time I looked at this more closely

LNY Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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as you are also crunching numbers. I come out with LNYs portion...

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as you are also crunching numbers. I come out with LNYs portion...

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