Isn't 387 AgEq g/tonne a good result?I have been asked "Isn't 387 AgEq g/tonne a good result?". The answer is "not really".
At today's prices it takes ~72 g of Silver to equal the value of 1 g of gold ($1950 divided by $27).
0.1 Troy oz Gold = 3.11 g of Gold or 224 g AgEq (at today's prices). 387 AgEq = 0.173 oz/tonne AuEq (387 divided by 224).
Most open pit gold mines in the world are mining on average ~0.1 oz/gold but in vast tonnages. GRSL will need a lot of 387 AqEq to turn a profit and epithermal veins are not known for vast tonnages.
I like some of the archived results but in terms of drilling they need to do a lot better!