Ann: Native Title Agreement Executed for Agate Creek Gold Mine, page-86

Greenback25.   You would be aware of this "In 2014 a metallurgical sample of 5,472 tonnes of outcropping ore from Sherwood grading 11.2g/tproduced 1,725 ozs at a recovered gold grade of 9.8g/t when processed through the nearby GeorgetownPlant."

The agreement with Maroon is for 100,000 t from that very same area from which we are also awaiting details of the results of those recent 51 holes from that area.

Maroon is understood to be able to process 304,000 tones per annum from their Black Jack processing plant "the Blackjack mine site. Plant is a Carbon-In-Leach plant, capacity 340,000 tonnes/year".

If fully operational, that LNY 100,000 tonnes "should" go through in less than 4 months after the mining commences.

Just do the gross sums to see what "could" be the "value" of that production "if" the 2014 metallurgical sample" holds up and is further reinforced by those 51 holes and with the price of gold nearing $1,800 per oz. That is what a punt on a .003 cent speccy is all about isn't it?

Sure, there are lots of "ifs" and inverted commas, but, LNY is genuinely targeting that as soon as the ML is approved and wet season permitting, mining commences.  And they will be starting with a market cap of around $10 million??!!

Happy New Year.