It's not about how many gold bars you produce Suzy, its's about what it costs to produce them compared to what you sell them for. Look at OBM, been producing gold but AISC is higher than the what they are selling the gold for. Price has dropped from 21c to 3.3c in the last year. Unlike when LNY were Toll Milling, LNY will now carry any the risk. Hopefully those in charge of the Georgetown plant know what they are doing and that there are no issues with the plant, contractors etc.
LNY Price at posting:
0.5¢ Sentiment: None Disclosure: Held
