OTCQX:GTBAF - Post by User
Comment by
allenbowon Feb 22, 2020 1:56pm
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Post# 30721342
RE:RE:RE:RE:RE:I wish Bob would stop dumbing down his stuff for the sake
RE:RE:RE:RE:RE:I wish Bob would stop dumbing down his stuff for the sake "So, what is the average grade?" It is still too early to make calculations on average grade that would be considered compliant IMHO - lots more infill drilling to do. However, the thrust of the latest news releases is that very high grade, and high grade, gold mineralisation occurs within low grade halos that extend from depth to near surface and the strike length has increased to an astounding 11 Kilometers along the LP fault, now characterised as one continuous discovery. Thus at least portions of the strike would be amenable to open pit operations to start with which cuts down AISC considerably.
CT noted that it is usually an accepted 'rule of thumb' that depth of discovery is equal to length of discovery and that deposits widen as the veins and sheets extend deeper. Deep drilling results will come. This has all the makings of an historic, generational, monster, gold discovery. In my opinion, but not investment advice, and to quote one source that I fully agree with: "If this discovery contains half of what we think it does, the SP could be multiples of today's price."