Pigs Can’t flyNeither will this one.
Montage Gold Corp. Just note how the grade has collapsed from 0.80 to 0.59 with increased drilling intensity needed to convert Inferred to Indicated.
Cutoff grades had to be dropped from 0.40 to 0.20 just to maintain the ounces
It will collapse even more when infill drilling needed to define Measured replaces generous interpolated grades by the Krieging model with empirical grades.
My call would be less than 0.45 gms per ton which will need very fluffy descriptors to make the Feasability study look good and an even lower cutoff grade.
A gold mine is a hole in the ground with a liar standing on top of it..