Grade is King, Tonnage is Queen !The Market loves high grade results and was expecting 3 millions ounces at the First Resource ESTIMATE ... So no real surprise to see Sirios at these levels.
The Canadian Malartic is one of the lowest open pit mines in the area and they are mining 1 g/t and the operation is very profitable.
For now, Sirios has 1.6 millions + 400 000 ounces (25% not accesible without an agreement with the neighbors) on their property. In no way there is question to drill or recover the gold on the South eleonore property.
There is a strong potential to add resource to the west and at depth. Still possible to add high grade in the Eclipse sector.
The recovery and the strip ratio (1.1:1) are excellent.
It will be interesting to have the Preliminary Economic Assessment (PEA) after the next drilling program, a price of gold between $1700-$1800US and a possible agreement with the neighbors.
As DD said: I like the King but i love the Queen !