Ann: Drilling returns 10gpt Gold & 7.5% Copper at Deflector, page-2

Very impressive AISC reported! Personally can't see how the hell you can mine such grades in Australia for this cost? See DRM for starters. Much higher grade resource & this last quarter, grade was mixed with I think reserve ore? Anyway, resulted in huge cost hike for the quarter. Think the grade was about 14g/t for first quarter then 10.6 for next followed by 8.8 this last quarter. AISC inc to $1181! They were under $1000 the previous quarters!

So, my question with Mutiny now. How are they speculating $723 AISC this early on? There resource grade is only 6.8g/t. That's not high for Australian standards. This latest drilling whilst positive, seems deep drilling with only shallow strokes. As for the underground drilling, that has to be much higher than the open pit results or it isn't economical.

I'd be very cautious @ this stage. Look @ GRY. Speculated $777 odd AISC for their FS then come latest ann, it's miraculously up around $100? Notwithstanding, sp dipped sharply & hasn't regained yet!

GLTAH but, I smell a little hype here with this latest ann. They need to produce a larger resource with sustained grade imho....