RE:RE:RE:Another- Banyan Gold Corp. presents at Metal Investor ForumCappy
Foolish to say she was projecting her words were pretty straight forward and the numbers she gave were based on her technical report.
The problem is if you look at all the drilling since the 6 million ounce resource I did not see much in the way of higher grades to offset the lower grade stuff as you saw when they hit 4 million ounces. The grades not only appear slightly lower given the missing high grade ounces but the strip ratio seems to be higher. As I recall, when they were at 4 million ounces the strip ratio was way less than 1. As near as I can figure the last drill results averaged over 2.
Based on the last drill program I do not see them adding many more ounces at a .5 gpt cut-off. Let us see who is closer on their next resource using .5 gpt I see about 4 million ounces you say 6.2.....