.2 g/cubic meter is economic cutoff
for alluvial projects according to Harp Sangha during the ill-fated conference call surrounding the initial assay results.
My spreadsheet analysis of the early Feb results estimated an overall grade from the 141 samples of .19 g/cubic meter, so I'm pretty pleased with the grade.
I'm also pleased they were able to come up with some kind of inferred resource.
I think its pretty positive.
From a blue sky perspective, we are talking 200 (assuming the same gold across the entire property) * 20K oz = 4 million oz of gold. At $50 / oz, what I've seen Jrs sell for lately, that is $200 million dollars. Our market cap is around 70M *.4$=28M$. That's a 7-bagger, assuming there is gold all over the place at the same grade. Of course, if they can actually mine it with a reasonable cash cost (say $300/oz) then it could be a 70 bagger (not counting dilution).
Still a lot more speculative than my usual holdings, but I'm not planning on selling my shares any time soon.
MontyHigh