That would pan out at about 600k ozs at an extraction/processing rate of 90% At present LNY has over half that. IMO, the value of LNY will be more determined by grade and its mineability. If LNY can find 600K ozs at say an average of 10 gms/ton which is mineable via open pit is alot different to locating 600K ozs UG at say 2 G/T.
Again,IMO, LNY will likely extend its open pit ore resource which is processable via Maroon to 100K ton +between now and September and shore-up another 300K ozs of lesser grade by this time next year. The current drill program only goes 40 m deep and there is a reasonable likelihood that there may be bonanza grades below that. IMO, LNY has probably drilled a few deep holes by now and we are likely to get more info within the next 2 weeks, IMO.( Last ann said that there will be anoher ann mid-June)
