RE:Strike sizeThe large strike/low grade at
0.4g/t - 0.6g/t is not interesting at the actual gold price but
the profitability can change rapidly at
1700$-1800$ and maybe
2000$+ with the Fed monetizing the debt in the US and printing more money in years to come.
The challenge for
SOI/DD is to increase the tonnage but also to quantify the
Nugget Effect. At the last AGM, we saw that the cut-off grade could be increased near 1 g/t.
A very large bulk sample (Kaiser is talking about 3-5 times the daily production so probably 100 000 t sample) is planned for 2021 and can be a game changer.
But let's stay with
0.4g/t and a
50% value to quantity this large strike and we get over
10 millions ounces of gold. Yes boring at 1500$/ounce but interesting at 1700$-1800$+. https://i.postimg.cc/9Q5hXr6Y/soi.jpg