RE: ZONE 1 : Gold UP! : $652 !Yes Reccos,
The geology is so oxidized that any heavy perscussive pounding type drill mechanism will negatively effect results which is why different adhesive type compund are sent downhole in order to procur proper readings for the grades that are actually there. The equation I used is generic and can be used for any deposit provided enough information is known about the deposit. This is the genius of AGG. From looking at the French data we basically know to a fair degree of accuracy what is actually there as a start. The kicker is that this is just a start. As goldanalyst has already mentioned this could be a huge deposit in the order of 10,000,000++++ when all is said and done. Having a support level at 1.6 millions ounces is very comforting for new investors looking for some downside protection. If we are sitting on 10,000,000 ounces we are looking at $1,000,000,000 market cap which translate into about $20-$30 a share when dilution is taken into consideration.
Long and Strong AGG!!!
Cheers,
M.