1.6 g/tIs more than enough to make profit in Guinea. I've checked with several mining engineers and 1 g/t is the general agreement for break even for pitt gold operations. By being partner with a private company, that is Ultragold, I wouldn't be surprised to see an accelerate development of the Guinean properties. Also, this company is having less than $5 million market cap thus huge potential for upside.
BTW, I,ve also checked TRR and here is the market cap (more than 15 x SPX):
Market Cap (Mil)
87.65 | | Shares Out (mil)
85.09 |