To put this string to bed for good. I am not right...Creasy is right....I corrected my early error and corrected it the exact opposite way from considering short to going all in.
Hers is why....
If there is 1 m/t per km of recoverable mineralisation that's $US1 billion per km @US30 p/t on metal recovery (Batcher1 six metal price stimates)
....and its at least 5km in strike (and closer to 10km - GAL and Creasy clearly being conservative at 5km)...the dame geo clearly clearly keeps going and other identical 5km parallel zones so perhaps they want a lid on it for various reasons for now.
Therefore It's at least a 5mt deposit but I say 10mt.....I think someone here or other string has called 12mt....not my estimate.
So on worse case, which is non layered and 5km only estimate.
It's at least a $5bn deposit based on Batcher1 price estimates.
I say more as strike is bigger than 5km, it's clearly a system not a one off deposit/singular nugget and very possibly multi layered based on what the Geo is indicating...when the drill but goes deeper than 150m we will know more
Not sure whether they will wait for the higher sulphide drilling to add a deeper drill hole....let's trust Brad and the Geo and drill team on site drilling their hearts out this weekend . They know best and more than any of us about how layered it is.
$300m MC seems like a bargain.
DYOR and make own valuation estimates. I have made mine.
GLTAH and please don't respond to this string. It should be titled
"CREASY IS RIGHT AGAIN"
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