Post by
nozzpack on Jan 20, 2022 7:09am
Pigs Can’t fly
Neither will this one.
Montage Gold Corp. Just note how the grade has collapsed from 0.80 to 0.59 with increased drilling intensity needed to convert Inferred to Indicated.
Cutoff grades had to be dropped from 0.40 to 0.20 just to maintain the ounces
It will collapse even more when infill drilling needed to define Measured replaces generous interpolated grades by the Krieging model with empirical grades.
My call would be less than 0.45 gms per ton which will need very fluffy descriptors to make the Feasability study look good and an even lower cutoff grade.
A gold mine is a hole in the ground with a liar standing on top of it..
Comment by
kkkrrr on Jan 31, 2022 7:39pm
lol..what a non-sense... the lower cut-off they choosed us because the Buffet 1500$ pit shell .. https://www.montagegoldcorp.com/projects/kone-gold-project/ .... it does't matter..even at 0.5 cut-off there are 3 million oz of gold in the pit... the big upside here comes from the potential satelite-pits... BFS will be out in 14 days....