I took to time to fact check my bigger than Olympic Dam...

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Midnight26

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20/12/18

12:05

Post #: 36918884
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Originally posted by Midnight26: ↑

Happy birthday Andy! Jeez the UK must be messed up when somebody as well off as you still gets freebies from the govt. Enjoy the free drugs!

People that are focussed on the mining startup date from the preso are missing the point. It's the size of the resource that will drive the SP.

With our assay technique pretty much ready to implement we can really start cranking out the assay results which will give us some indications of the true grade we're dealing with here and increase the grades bigtime.

When we start releasing drilling results that show that the holes are mineralised from top to bottom (EOH) at ~3-5oz/t AuEq up to 120m depth it will give the market a better feel for the potential here, i.e. two gold - silver - PGM open cut deposits bigger than Olympic Dam (IMO) with grades that smash the grades of the highest grade gold mine in the world, the Fosterville underground mine.

Of course we'll need a lot more drilling to define the tonnes (Olympic Dam M&I resource is 6Bt) but the evidence is there and our grades are already exceeding Fosterville by a big margin using testwork results.

http://www.mining.com/highest-grade-gold-mines-2017/

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I took to time to fact check my bigger than Olympic Dam inference. I'm glad I did!

The surface projection of Olympic Dam is smaller than the soil anomaly at Ema which extends to the limits of the soil sampling!

Here they are at the same scale. Note the white resource outline for Olympic Dam also note the workings outside of the Ema soil sampling area:

BBX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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I took to time to fact check my bigger than Olympic Dam...

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