OTCQX:GTBAF - Post by User
Comment by
flashcashon Jan 28, 2021 4:58pm
178 Views
Post# 32414067
RE:Resource Estimate
RE:Resource Estimateeatmorefiber2 wrote: How many holes does GBR require for an RE?
Rupert so far has about 60? In terms of just numbers, they are way behind GBR, but I understand it's a different type of deposit. They plan to release an RE later this year:
Drilling continues to progress, targeting strike and depth extensions with infill drilling also planned that will contribute to a resource estimation later in the year.
It depends on the size and scale of what they want to achieve, i.e. how many oz's for their maiden resource, over 1 to 2 million as an open pit will get majors notice. I think they will use the over 100 m step outs to infer and probable tighter still with the proved the closest spacing, I think 25 m was mentioned but on the scale of this 35 to 50 m would be ok. The core 'pit' seems to be getting the drilling it needs so I can't see it been that long to get a napkin size of the deposit. I remember later in the year for the final scale of it to be drawn up in an official RE, if you want to make money get in early and buy dips cash permitting for these companies but do your DD first.
GLA
Yip there is some noise here and there, ah religion and politics some things never change...what ever you do don't drop these shares IMO, switch off to the noise if you can.