GREY:ABZUF - Post by User
Comment by
billk2on Nov 24, 2004 10:39am
219 Views
Post# 8219896
RE: strange reaction
RE: strange reactionI'm with you. This reaction to the news is unwarrented. They still have 6 more drill holes to report. Take a look at what was reported today. This is not bad news.
"To date 27 holes have been drilled at Pico Machay (including the original eight drilled by Newcrest Mining). Applying a 0.5 g/t gold cut-off and allowing for 1.5 metres of internal dilution, the average grade of all drill intersections is 1.22 g/t gold."
1.22 g/t is good.The Yanacocha mine has an overall grade of 0.96 g/t and that is a world class mine.