I get the feeling when the results from the next few holes come in and they are mineralised from top to bottom as well (highly likely looking at yesterdays results), the weight of evidence will start to point towards a multi-billion tonne (and ounce) resource.
Two holes isn't quite enough but when we have ~5 adjacent holes people will start showing interest. If we get results from holes 2, 4 and 7 we will have ~300m of strike length and 200m of strike width drilled to only ~50m. 300 x 200 x 50 x 3.2 (density) = 9.6Mt.
Close enough to 10 million tonnes at (let's be conservative) 15g/t =5 million ounces.
Of course it will need more holes to get it to Inferred classification but that's just for starters. What have we got in the other 30km of dolerite?
BBX Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held