Upside With Beta Hunt now extending the the Sediment Layer to 540 meters long, with a strike zone of up to 140 meters wide, of which high grade course gold is expected to occur intermittently across this entire structure.
The tonnage from that A Zone area (which continues to expand) being 500 meters long x 100 meters wide x 10 meters deep x a rock density of 3, would offer around 1.5 million tonnes, now with an average grade of only 1 gold ounce per/tonne, that's 1.5 million gold ounces.that could be had.
With Beta Hunts extremely high margins due to their extremely low cost, 2 million high-grade gold ounces could, with a PE of 10, bring a stock price of US$3.60/C$4.60, and this is a conservative estimate being we could easily find 1.5 million gold ounces just in the A zone alone ...... To say there's plenty of upside here would be an understatement. GLTA