The announcement is silent about anything after the initial 100,000 tonnes. If I was a cynic or a betting man I would predict that mine production would cease at 99,999 tonnes (and why wouldn't it given that Maroon are organizing and paying for all mining and transportation costs of ore from the ML to the Black Jack plant) and the head grade will never exceed 3.5g/T of Au, hence LNY is entitled to precisely $0.00 worth of gold for that production. Look at the published resources average tonnes and grade, according to LNY's own numbers it will be extremely unlikely to me that production head grade will ever exceed 2.5g/T Au.
I am just trying to double check is that how other people understand the terms of the toll treatment agreement or not? Serious question, not trying to troll anyone, just curious.
The LNY announcement of the 8th Oct 2018 does not seem comprehensive, and details are vague, do any LNY holders actually know where the entire toll treatment agreement/contract is published anywhere online?
If its the case that after 100,000 tonnes of ore the revenue split is 60%/40% LNY/Maroon then I would be interested to see if anyone knows that is definately the case.....
LNY Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
