RE:RE:Sweet spot
PonyHunter wrote: Valley is probably sitting at 10Moz loosely constrained now, with upside for another 5Moz in the east which will be confirmed in the upcoming results. Once the 15Moz broad target is realized, they will start forming up the edges of the deposit and will likely add a little more Oz.
as far as size goes, Valley is larger then more, but the grades are what really stand out.
I agree with your assessment. The drill results were on the low end for grade compared to earlier holes but still great when compared to other reduced intrusion related gold systems. So that is why the market is selling off. Some investors were hoping for the awesome grades that were seen in hole 7 for instance. This deposit is still in excess of 10 million ounces and perhaps more 15 million ounces. Better than the famous Fort Knox gold deposit in Alaska. Investors selling today will regret it.