GREY:RNKLF - Post by User
Comment by
marben100on Sep 24, 2018 8:13pm
337 Views
Post# 28681872
RE:Denver Presentation
RE:Denver PresentationThere won't be any new numbers because not even the company knows what those numbers might be, yet. They will need to mine out the 200m of strike that they have announced is there today. Then they and we wiill know how much gold was in that section. Another 25,000oz on top of 24,000oz already recovered will do nicely AFAIAC. It could be lot more - much less would be disappointing and indicate that the Father's Day Vein was exceptional and may not be repeated.
That will take a few weeks, I guess. However, they should report on amounts of gold recovered in "specimen stones" as that mining proceeds. That will be in offcial news releases.
Then they need to do some exploratory drilling on the new targets also mentioned in today's NR which, when combined with the knowledge of the section being mined now should ultimately lead to a new resource/reserve estimate for the mine. Only then will we have a reasonable idea of what this is really worth.
The plan I've described is what I expect the company to do. I would like to hear them confirm it.