Ann: Grant of Mining Lease for Agate Creek Gold Project, page-38

I agree with tman, the results we will see after mining will be the most important factor in seeing the price appreciate or plummet. Looking at the average published grades and tonnes, I see 90kt at 6gpt just at Agate Creek, backed up by the recent high grade assay results see asx announcement 14 January 2019 with an intersection at 500gpt.

This isn't some 1.0gpt resource that we've just plonked a 100million dollar plant on and the grades are lower than expected, there's a debt overhang, and it's like watching an episode of "seconds from disaster". 

I read the article on calculating grades that one of the other posters had generously posted on here. With respect, it was mainly referencing underground mines. A slight deviation in the drill bit can put you way off course. But we are only mining 30m deep!! Also spacing, the recent high grade assay results only cover maybe 20% of the area to be mined, they aren't close enough together to calculate them as measured. But all of this screams out to you, "head grade that will never exceed 2.5g/t"!? 

Im not sure if you understand the agreement east101, the revenue splil occurs from the first tonne up to the last 100,000th tonne. You've probably been in this game far longer than I have, and have probably wisely become far more cynical of claims that mining companies make in their announcements