LNY is a company who is eyeing to start gold production in Q3 2016, after stating in their most recent announcement that they might get Mining Licence in Q2 2016.
They having finished all the mining planning and stated in the announcement that the production will be cost-effective.
They are going to do more drilling at the AGATE creek to extend their resources after ML approval.
###NZJV is backed by NEWCREST and LNY is not spending any cent for the drilling. The resource could be closer to 2million ounces in coromandel.
>>>Drilling @ coromandel started on 29th April 2016. Lab results/assays could be expected June/July/August 2016.
To conclude, a lot of news to flow from here on for the next three months and then gold production phase will bring all the cash in can result in this stock to be a monster Disallowed from 0.005c.
Final addition, Director is backing with $2Million loan facility for the company expenses. So, near term CR is out of the way. No debts.
JMO
DYOR
GUD LUCK ALL
Potential 10 - bagger LNY
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