I found KK's comments here rather interesting. Particularly the use of the word "Dimension". That's a rather powerful use of the word. To me it gives out a hit of something similar to a "Technical Breakout" but one that I have interpreted as potentially structurally that could allow for more than what was maybe initial thought of.
My expectation this Year was more of the same but one thing that seems to be slowly developing is Grade. Within the context of what's been found and what's being found it does seem to point higher. If correct the question is how will this impact our current .75g/t. Could we push it up 2X SEA's grade and touch 1 g/t? All we need is another 28M at 1.25g/t and voila.
Listen, I don't really see that to that extreme but it does give an idea of just how things could change.
When reading the PR's comments it's also very clear that we are still consistently seeing "New" pieces of data that are helping to fill what looks like to be a large puzzle with still few pieces. And although we have a resource out you really get a sense that this is still far into its infancy. What does KK, a top geologist still being surprised say? and those surprises are on the upside.
So in my mind the question is, what will our initial 28M oz look like in comparison to what will be found in say the next 3-5 Years. Won't it be interesting to see if this year beats last year? What if the results from our initial 28M turn out to be the weakest of them all? Kinda like the 5 Year Low Grade was .75 g/t and we hit a high of ???g/t in ?????
Currently excluding 2021 drilling you are paying $14 per OZ
Rather interesting proposition when you exclude "Gold" from the equation and makes it rather simple to see the offer. The cost per OZ is currently on a seemingly perpetual decline as every week you could almost set your clock to it and see the asking price lower. And in return we are seeing drill results that not only can stand on their own but are currently giving our initial resource a run for it's nuggets! This is the opportunity but the risk is Gold FLOPS and we get crushed. Where's the middle ground? lol
Big picture. We all have other plays release resource updates and they make a big fuss that their season was a successful one and increased resources by 10% .
TC said we would be the largest find in recent years. Last year one could have called Bull$hit yet they actually pulled it off. Largest in 30 years undisputed. Now what do you think happens if they do it a SECOND time? Now imagine being right and you can get this lower every month, are you going to care about paying less?
At this stage in the game it's almost looking like this could go on for years, did you see the size of that property?
Expect a ton of Games today and also STNG is being thrown into all the fun of TUD's Spinout and don't you for once forget about TUO, last one to announce Spinout. It's only noizy because there's so much going on. Can be and is confusing but pick a lane and go at it!
All the Best!
Section of the PR
Moreover, Ken Konkin also commented on the drill hole EK-21-01 at the Eureka target:
"In addition, we confirmed that a significant gold system exists at the Eureka Zone with mineralization occurring near surface, which terminates in a regional thrust fault at depth. An interesting aspect of the Eureka system is that the gold mineralization ends in what may be the same thrust fault that truncates the DS-5 system at Goldstorm. The attached drill section shows the spatial relationship between the Goldstorm Deposit and the Eureka Zone (Regional Section - Goldstorm to Eureka). The current geological interpretation is that the DS-5 domain may connect to the Eureka Zone which adds another dimension to the potential size of the Goldstorm Deposit. Eureka drill hole EK-21-01 contains an enriched central zone averaging 1.13 g/t AuEq over 67.5 meters that lies within 217.5 meters grading 0.76 g/t AuEq. Similarly, in drill hole GS-21-119, the DS-5 contains an enriched central core of gold mineralization that yields an impressive 1.76 g/t AuEq over 196.5 meters within the overall in tercept of 1.09 g/t AuEq over 564.0 meters. Due to the success of the step-out exploration drilling at the Goldstorm Deposit, the Eureka drill was dispatched to continue the step-out drilling to the northeast at Goldstorm.