Ann: Update on Gold Production from Agate Creek Gold Project, page-97

It is difficult to say that LNY has been promoting itself in the past few announcements; on the contrary, it has been doing the opposite:
-minimal up to date info released ( the 2220 ozs AU production was known as far back as mid April)
-director selling
-cut & paste from past anns obscuring recent achievements
-re-iteration of Agate Creek revenue being used in coal & NZ tenements ( a big negative for gold bugs)
-no up to date info on current drill program

This is a Claytons down-ramp by LNY rather that promotion, IMO.

If this were to be a normal emerging gold miner it would be out there with the megaphone:
-2220 ozs in first few weeks of processing (1020 ozs LNY's share) is no mean fete- this represents a gross mgn of 46% which is much better than most established AU miners)

IMO, LNY is lying doggo until the current processing deal is completed and then we'll have a detailed mine plan for Agate Creek whether that be
a continuation but better deal with the processor or a go it alone processing plant deal. The current processing deal is only economically viable down to 5 g/t, IMO. ( 3.5 G/T to processor)
5g/t for open pit mining with 3-4 meters overburden is , in other circumstances, a very rich grade indeed, IMO. There are plenty of disused plants around the country that could be picked up and relocated for a song, again IMO.