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There is a chance that the shallower drive ran through the top...

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sydneysider

3,378 Posts.

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24/09/14

13:38

Post #: 14021022
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Originally posted by osr1986 ↑

Plough,

Have a look at the wording around the metallurgical accounting analysis and then have a look at the description of the face sampling methods. You will see what the problem if you understanding is the same as mine.

So it looks like the reef along the previous drive might average 3-6g/t depending on the width.
That is probably why the broader market seems to think its a non-starter and has assigned an appropriate MC.
From my perspective if they cover the cost of drive and decline development, I am happy for the moment. That is WAY better than most speccies can manage.

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There is a chance that the shallower drive ran through the top of the gold system and that deeper drives will run into richer ore. Good luck to all longs.

ORS Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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