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13.3% 1.3¢ savannah goldfields limited

I agree; LNY should concentrate on gold rather than diverting...

  1. moorookamick
    22,360 Posts.
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    23/05/19
    10:53
    Post #: 38706293
    I agree; LNY should concentrate on gold rather than diverting gold revenue to Ashford.
    That said, however, it is useful to look at Ashford's potential to get an idea of what its fair market value
    may be given that HCC is worth alot more now than when LNY bought the tenement.
    Is it worth 1c/ton or $1/ton in the ground? To ascertain that, it is neccessary to have some idea of
    what it costs to get the coal FOB and at what margin , IMO.
    LNY Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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