RE:Western FlanksDont you find 4.5 g / tonne not a bit at the low end of the expectations.it is not really low grade ,but.
even if we have enough ounces to justify the share price it is not the expected bonanza investors hoped for.
We can say the stockprice have upwards potential .
How many grams per ton of gold is good?
A gram of gold is worth about $25, so 2 grams or better would be viewed as high-grade for bulk tonnage mining. One hundred metres of good grade is again good criteria for thickness.Mar 24, 2017
A gram of gold is worth about $25, so 2 grams or better would be viewed as high-grade for bulk tonnage mining. One hundred metres of good grade is again good criteria for thickness.
As a spectacular example, Aurelian Resources announced intercepts of 216 metres grading 12.8 grams gold/tonne from its Fruta Del Norte deposit in Ecuador, now owned by Lundin Gold. This result is truly exceptional in terms of grade and thickness, and propelled the stock from $2 to over $22 in 2006. However, this extreme grade and thickness only comes along once every 10 years or so.