RE: Great NewsI really like the SAC story and believe additional results will eventually prove an economic mine. But latest results kinda "eh?".
You used conversion of 28.4:1.
Isn't the conversion from grams to troy ounces 31.1:1? If so, 44.9 g/t equals 1.44 oz/ton.
1.44 oz of silver is equivalent to 0.0288 oz of gold equivalent using standard 50:1 ratio (Gold at $650/oz and silver at $12/oz so actual ratio today is 54:1).
Its an economic low-grade for large bulk tonnage mining. But when grades that low the mine dynamics have to be ideal (or perfect) for it to be economic (i.e., large orebody, flat, easy to mine, large tonnage, easy to leach, etc.).
Recent results were far from exciting, but there is more to come.