GREY:RNKLF - Post by User
Comment by
marben100on Oct 22, 2018 10:35am
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Post# 28847160
RE:RE:Too much gold to count
RE:RE:Too much gold to countTwo comments on this:
"too much gold to count" is NOT what the NR says - it just says it's taking longer to finalise the figure. We'll have to wait & see whether it comes in within, above or below the 30-35koz promised. Somewhere in that range would be fine with me, as long as we also get to know what the result of removing the second slab was and of the second blast (if it's taken place, which has not yet been confirmed). We knew already that there were "large volumes of coarse gold".
Secondly, assuming visible gold over the entire 500m seems overoptimistic to me. An average grade of over 10g/t over that strike would be fine with me (and would put to bed fears that the initial blast was a one-off and there's not much more high-grade gold to be found). Anything above that is a bonus, in my eyes.
Suggest people are cautious about making overoptimistic comments: the share price may fall if folks expect too much and those expectations aren't met. Better to be pleasantly surprised to the upside than to be disappointed.
Cheers,
Mark