LNY wow did U see that, page-97

My read on things from last announcement - Mining (ore recovery) for the first 100,000 tonnes agreement completed with Maroon ends in 5 weeks and then after tat 2 more weeks of processing.

Then
Updated pit designs are currently being completed incorporating the recently announced high grade drilling results. The mining schedules will then be reviewed to determine the potential to incorporate additional ore tonnages for mining as part of this program, and any change to the mining term.
...... this means the deeper higher grade one deposits..... with then be mined, at deal more agreeable to LNY with sharing of g/t.

And in 2-3 months drill results will be coming in
Planning is well advanced for further drilling programs at Agate Creek targeting further potential high-grade zones and with an objective of adding to the existing Resource.

Once they have dug up the current epithermals they'll diamond drill for the deep Bonanza, whilst keeping cash flow and mining continuous as possible with some of the other superficial deposits. When they have cash they'll drill the NZ deposits, and commercialise the coking coal deposit to keep cashflow moving.

The Bonanza zone will be the hit to take the company to the 700,000 t/a processing, and MOz JORC. At that point it will be a true multibagger. I still see SP at 2-3c over the next few months as possible depending on drill results.

I will keep accumulating at these prices as price is very low.

Merc Out.