I don't disagree with your view on zeluka shear ....should have been the first location drilled ...why it wasn't I don't know , e-mail to jon would clear it up...
But it's going to be finally ... and thats got to be a positive ,,we start to get some NST style drill results
then watchout ...
As to low-grade marginal resources ..
PXG current JORC position 2.9moz 1.7g/t av + the 1.1moz low grade .6g/t
At 2013 there was 580 1moz+ deposits in the world average grade 1.01g/t !
199 of these 1moz+ deposits are currently producing mines av grade 1.18g/t the other 381 undeveloped 1moz+ deposits av grades are only .89 g/t ! so PXG 2.9moz 1.7g/t is actually on a global scale higher than average ....so not a marginal deposit unless you also believe the bulk of the world's 1moz+ deposits are marginal ....PXG heap leach DFS gives AISC sub $913oz which is a nice margin for low grade ore
Now what kind of money we see from the Zijin/NGF J.V thats going be interesting
Also now EVN are jumping on the PXG ....and becoming the biggest S/H ,,,now will we all get screwed only time will tell
PXG Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held