Drilling results gpt
For any that may have missed my example of low gpt values, see my previous post from June 11.
When the newest drill results are used, it looks very good. Now if the tonnages prove out as it appears they will from given widths, depths and lengths, the 43-101 will vindicate the longs holding this stock.
For ore bodies that prove out over the million oz. mark, large mining companies are paying over $1,000/oz and higher for gold in situ. Espect that to go up as gold values go up.
As a side point, my calculations indicate that at a very do-able $500/oz. recovery cost, the break even point of $1530/oz. gold is 0.16 gpt. Anything over the 0.16 gpt begins the mining profit margin. Even over burden that runs 0.1 or less gpt will off set mining costs. The main point....there really is gold there with good to exceptional potential!
However exploration is still to be expanded, so, as hard as it is, patience is still the word of the day. The greater the proven tonnage, the higher the ore body value........which in turn is reflected in higher SPs.
My motto: patience is paydirt............panic is poor dirt!
Looking forward to the 43-101.
Solver