RE:RE:RE:News 588 G/T over 1.7 metres BlueChipper2020, It's conservative for management to cut this super-rich grade of 588 gpt (= 588 x 1.7 = 999.6 gpt-m) to 88gpt. (only 88 x 1.7 = 149.6 gpt-m was used in the averaging to get 1.61gpt/216m = 347.76 gpt-m) But why not let the market know the entire story, i.e. including the potential for the average grade for the intersection of 220m. Here is the math (check it out to verify my calculation). The math: Uncut average grade = (347.6 -149.6 + 999.6)/220 = 1197.6gpt-m/220m= 5.44gpt., which is much better than 1.61gpt with the cut to 88gpt. The market should jump with joy. Note also that this super high grade is about 305m down-hole, and if FVL extend their current pit bottom by just over 30m, they could scoop up this 1.7m section (at 588gpt)...see the Cross-section for hole 2017 in the NR. The uncut average grade for 2017 would be even better than that for hole 2001 (2.97gpt/294m) if the grade is "normalized" on the same intercept basis, i.e. 294m, the average grade for a 294m intercept for hole 2017 would be 4.07gpt (1197gpt-m/294m = 4.07gpt).
GH11
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BlueChipper2020 wrote: gmag66 wrote: All the holes are nice hits... 1.61 over 220m with the 588 cut to 88 is damn sweet!!
One big story here is that Hole 2017 with the 588 gpt hit is about 500 meters away from Hole 2001 which was the original monster hit last May 2020. All holes were hits again. BC