Gbb vs OSk and othersOSk and others
struggling with costs and massive write-offs with 1300 gold with deposits
under 1 gram per ton and long term fixed costs.
from Gbb PEA FEb. 2013 website :
Granada gold deposit In Situ Resource Estimates are:
" The in situ measured resource is 946,000 ounces (28.735 million tonnes grading 1.02 g/t), indicated resource is 659,000 ounces (18.740 million tonnes grading 1.09 g/t), inferred resource is 1,033,000 ounces gold (29.975 million tonnes grading 1.07 g/t Au) using a cut-off grade of 0.40 g/t."
(Alternative cut-off grade of 1.0 g/t , 13M tons with avg 2.21g/t gold
Alternative cut-off grade of 2.0 g/t, 4.4 M tons with avg grade 3.89 g/t gold.)
from the Forum:
10 Jul 2013, 18:31
'We are targeting 3 gpt underground, but may also looking at 3 gpt as part of the rolling start. Depends where the price of gold will be when we pour gold. Permits are granted on tonnage processed. This, we have yet to determine. Royalty program will then be accessed. The long term objective is to increase the tonnage. This is also yet to be determined.' Frank