"Mineralisation widths encountered on the upper ore drive are wider than expected - up to 6 metres or more -..."
And this is supported by the latest resource statement. If you look at figure 8, that's a 9m width at 3.21 gpt... bang on the what the overall grade of the indicated resource is at CEB.
So clearly, in my mind at least, they're going to lower the cut-off and process more bulk tonnage... exactly what I suggested when the resource statement was released a few weeks ago... then expand the plant capacity to 1.7 mtpa if the trial is successful, imo.
But remember guys, this is still a trial and the results aren't in. As CC points out, the gold mineralisation is very nuggety so they don't know the true endowment, nor the mining recoveries and level of mining dilution yet.
IGR Price at posting:
30.0¢ Sentiment: Hold Disclosure: Not Held