RE:RE:RE:Already $25 Billion in Shallow Economic OuncesNo one knows how much shallow (<400 m) gold Appleton North holds. I have long estimated 5 million ozs in total. Keats west is probably a few hundred thousand ozs max. Most of it is low grade. There are probably more ozs at Golden Joint, Lotto, K2, Jackpot etc. The AFZ appears to be well mineralized as well.
We can extrapolate to 25 million ozs down to 2000 m and can extrapolate further to 100 million ozs property wide (Appleton North is just the most easily accessible few percent of the available structure. 100 million ozs could be a huge underestimate).
Does the market currently care? Nope!! With a looming gold shortage and $2600 gold one day it will.