Yawn so predictable! Finally some action announced, must be getting close to AGM and need cash to secure another year, lol.. However only processing 30000T and basically doing surface mining. Hard to see high grades like last year where they prime picked those areas to process. So SP will struggle to go over 1c imo as they are not mining a small amount and holding lower grades unlikely to see 15, 10 7 g/T imo. Again no mention of the bonanza zones which would put LNY on the map. Yep looks like a hobby play to me guys..
So again company imo not 100% focused to progress aggressively to mine and increase the reserves one would have thought especially when gold is at all time highs and wishing to attract a buyer. More missed opportunities imo. 30000T then again back into hibernation until this time next year is my guess.
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- Ann: Progress Towards Recommencing Gold Mining at Agate Creek
Ann: Progress Towards Recommencing Gold Mining at Agate Creek, page-25
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