Assay ResultsI am quite surprised at the reaction to the results myself. The company took several samples of 150 kg each. This material was processed through a concentrator and produced roughly 200 grams of "heavy" material (per the CC). The material was then sent to a qualified lab to be assayed. The lab likely derived mineralization out of the concentrate for for example got 10.6 grams of gold from the 200 gram sample. Since the 10.6 grams came from 150 kg of source material, then you need to multiply 10.6 * (1000 kg/150 kg) to get 70.5 g/tonne. Hopefully the website will soon contain all of the results, which I believe they are doing now. The results likely have some very high grades above 70.5 and some dry holes, but I used the average grade to provide a simple point of calculation.
I think that what we are seeing today is an emotional reaction from too much detail. In the CC, a caller asked a question about what the density of the sand was and the reporting in a non-standard grams per cubic meter. What the company did, IMO, is had the lab convert the information into the standard accepted practice of gram per tonne.
Folks, my take is these are absolutely eye popping gold grades with a platinum chaser. If I had more dry powder, I'd be scooping up the stock with both fists at these prices.