GREY:PGDIF - Post by User
Post by
ekimon Jun 09, 2015 1:11pm
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Post# 23811588
Wake up call for CH-7?
Wake up call for CH-7?I would have to say NAR results actually dropped the expectations for CH-7 or another way of saying it, if CH-7 comes short of CH-6 valuations, it won't be looked at as necessarly a bad thing.
Worst scenario:
We know the 50 tonne bulk sample came up witha nice large stone, however it was not clear and was grey in colour. Size, good, colour bad.
We know South lobe (50% of the body) could come out as low as 0.5 cpt.
South lobe could conceivable get as low as $100 Rock value or lower and that would not be good news.
That would be worst case scenario. (FYI - NAR has about $40 rock value on the aggressive end).
However, we do know:
The % White is signifciant in the colour circles (remember the chart with all the circles)...sot he Gray stone might have just been a statistical anomaly. Statistics say the clear whites will be there throughout the population.
Domain 5 will come out with significant grade. We also know the one domain with the 50 tonne bulk sample already is at 1 cpt. Domain 3/4 should line up with 1 cpt or slightly above as well.
CH-7 should come up with a mix of Great news, good news, and maybe some ugh news.
Overall, with Domain 5, it should at least contain a small pit for the PEA and with the small pit doing most of the pre-stripping..it may not take too much to make it a bigger pit.
LONG...PGD
EKIM