Every single result today is above the cut off grade Pacrim uses(.5g/t). The lowest being .67 g/t and as we all know the highest is 223.8 g/t.
We should remember that 727 came in with grades just under 100 g/t last year also. 727 has had about a quarter of the amount of drilling compared to Kelly.
I still believe Kelly will come up with a minimum of 500,000 ounces and i expect the Kelly area to provide us with 1,000,000 + ounces in the future. Throw in GTS , 727 and our other pits along with Manus and we have an extremely undervalued company IMHO. I think anyone who buys in now will be very well rewarded in the future. Rodney and co wanted this to pick up steam and kick things along after a very quiet 6 mths or so. They have started to deliver and will continue to do so. Mind you, many things were done behind the scenes in the first half of this year and also continue as we would expect.
My ops only.
Scorp
PRE Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held