RE:RE:Stockpile ProcessingIf you look at just the surface trenching results from 2019/2020 and
calculate how much gold there is just on the top 1 meter, using a square
meter area of 8200 and a specific gravity of 2.7 tons per cubic meter
with a gold grade at 3 grams per ton you come up with ~2100 ounces of
gold.
The depth is anywhere between 10 - 20 meters, so that just adds to it. and after 100+ years of rain I would expect the grade to improve with depth, nevermind the idiotic percussion drilling results.
What I cannot figure out is why PHD is not processing this themselves to pay for future development? There is way more money locked up in the tailings then they could ever hope to raise by selling stock.