Ann: Progress towards Mining at Agate Creek Gold Project, page-113

Maybe Towie. It must be Monday as my head still can't get around what I see as very simple arithmetical facts "evidence". Maybe Dugsab can clera it up for me.
LNY has a JORC of 381,000 ounces over this current ML contained in 8 million tonnes of "dirt". PLUS (my inference)The results of the recent drilling program that returned spectacular high grade gold assay results (refer ASXAnnouncement of 14 January 2019) are being incorporated into the existing resource model with final ore blockdefinition to establish key mining areas near completion. Numerous and consistent high-grade intersections wereencountered in the recent drilling program with several intersections exceeding 100 g/t gold and grades of up to564 g/t gold. Several of these high grade intervals are within 10m of current land surface and as such it is expectedwill be part of some of the earliest material to be mined, transported and processed.
From that I would infer that that JORC figure is due for a positive upgrade.
But, forgetting that, if, say, LNY continues with Black Jack @340,000 tpa, that's over 20 years of processing just from that 689.3 hectares ML, 10% of the entire Agate Creek project.
That's 380,000 divided by 20 = 19,000 ounces per annum, over $30 million p.a. gross, divvied yup with the processor. That would double p.a. if that 700,000 tpa was ever made possible. And, that's just 10% of Agate Creek permit.
Why does that look too simplistic, when using numbers on the public record, without any inferences?