Ann: Exploration Update, page-78

I did, and he's been on these threads for a long time. Esh talks a lot of waffle and I'm not going to argue with mountains of waffle.

It's groundhog day here. I'm not going to repeat myself - read the thread.

From the post above: 3 ounce dirt is worth $5,100/t. I doubt they could find a method that costs more than $5,000 to treat one tonne of ore?

From another post above:

The gold reporting to the slag is part of the testing involves trial and error. There are so many variables it would be impossible to achieve continuous improvements with every subsequent parameter permutation. It doesn't matter as long as they have optimised the process when it's time to crank up the pilot plant.

"The furnaces being tested utilise proven technology aimed at duplicating the current smelting method with enhanced control of smelt conditions. " <-- this is the key.

Are you a geo? You should understand that widespread DISSEMINATED gold in hydrothermally altered dolerite and porphyry implies that we have potential for very large tonnages, although the drilling results demonstrate that anyway.

They have said repeatedly that the grade variability is due to smelt conditions so the lower grade results are caused by poorly performing recovery tests. This means that the highest grade results are a more accurate reflection of the grades which means the true grades are well north of 2oz/t.