RE:News So many variables come into play. Location, elevation, size, it's goes on and on.
GT Gold which is actually more copper than it is gold is a large deposit , 250 + Million tons and it grades less than 1 gram equivalent or around $ 40 per ton, overall. I haven't bothered to analyse the possibility of a higher grade core which would be mined first to pay back Capex.
Our location is much better for a start, grades are much better although it's still far too early to say much more until we see grades over widths and strike length. Think we're looking at 300 meters of higher grades so far , let's say 2 - 5 grams to be on the safe side, which would be a higher grade core and I believe there is a significant lower grade halo but what that would work out to I have no idea.
The focus is on the IP, the pink blobs in their presentation marked C1 and C2. They may be accurate representations of dimensions or they could be way off, who knows.
But at this point they have made a very good start in finding a higher grade area and we are waiting for assays to find out just how significant this might be.
Can't find my notes on the fully diluted share count but we are probably at a market cap of $ 35 Million which is pretty cheap, lots of room to run here and so far it's looking very promising.
Hope that helps a bit
Mesobroke wrote:
So I'm a little new to these reports . Just wondering what if any is the minimum of grams per ton makes a program viable. I'm thinking this is a good one . Any input or pages I can find the info . Thanks and GLTA