Found this at http://resourceworld.com/index.php/making-grade-understanding-exploration-results/
The relevant part is:
GOLD: It is usually reported in grams per tonne (or g/t), although sometimes, in the US, it is in oz/ton. A gram of gold is worth about $25, so 2 grams or better would be viewed as high-grade for bulk tonnage mining. One hundred metres of good grade is again good criteria for thickness.
As a spectacular example, Aurelian Resources announced intercepts of 216 metres grading 12.8 grams gold/tonne from its Fruta Del Norte deposit in Ecuador, now owned by Lundin Gold. This result is truly exceptional in terms of grade and thickness, and propelled the stock from $2 to over $22 in 2006. However, this extreme grade and thickness only comes along once every 10 years or so.
That 10 years is up- it's now BBX's turn!
Patiently waiting announcement cascade.
BBX Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held