well done, page-140

No worries Vendor, I never can tell with you, but at least I got a laugh out of your gonad reply.

And I think we agree on ABU not dropping much further.

I not only bought back the 200,000 that I have been trading the last few days, I also bought another 350,000 at 4.7 late today- but only after selling the first 200,000 at 3.8 again :)
And the only reason I sold the 200,000 at 3.8 again was that I correctly guessed that I might have had time to buy them back at 3.7 again.
Net result- I now have 350,000 more than I had this morning.
I don't expect much of a fall from here partly because I like the way the markets and gold are behaving but also because that news from yesterday was very positive.
These multiple stacked veins are typical of OP south.
These may result in a deeper pit here than would have been possible if G.H. was a single vein only, and it might contain many more ounces than any of the other veins discovered since the jorc.

Example;

These are very rough estimates based on the assumption that all the veins continue to 100ms depth at the same average width and grades as exist on surface.
They could be way out based on pinching or swelling or grade variations at depth, but they could contain more ounces just as easily as less and there is a reasonable chance it all mostly averages out (more ounces on one vein compensates for less on another).

East vein 185ms at 31g/t and .42ms ave width.
Should contain around 20,000oz.

East vein extension, using similar assumptions, another 15,000oz.

2 veins between east vein and jorc possibly another 9,500oz.
(shorter veins so much more unreliable to extrapolate to 100ms depth).

Western limb extension, 8,500oz although this one is known through drilling to swell considerably at depth with high grade so might go quite a bit higher than 8,500oz

The first three of the above will likely be included in a widened and deeper pit than that modeled in the scoping study (which contains 308,000oz).
They add up to around 45,000oz potentially bringing the pit up to 353,000oz.
However the larger pit will be able to go deeper without increasing wall slopes. If 20% deeper, there will be many more ounces included that previously lay below the pit floor, so the new pit might contain more like 380-400,000oz. Certainly too early to be confident of these numbers but they are the best estimates I can come up with on available info and I think reasonable for now.

Golden Hind before yesterdays news (high grade section only);
60ms at .46m wide and 103g/t, should hold around 23,500oz.
Golden Hind after yesterday’s news;
On the cross section shown, around 100ms deep with stacked veins of unknown grades over a mineralised area that is potentially around 15ms wide on average over the 100ms depth. What is known is that the main vein is 103g/t average grade and at least one of the stacked veins has visible gold.
The 103g/t is very reliable because the company sampled a total 20m squared of a total surface are of 27ms squared. I.e. 74% of the outcropping vein was sampled.
More than they have done on most veins.

If the average grade of the 15m wide zone of stacked veins was to work out to around 15g/t (this certainly needs drill results to verify) and continue over the majority of the 60 m length (also needs to be verified with drilling), then the potential is for around 110,000oz.
Much more than any other vein discovered since the jorc.
This is why I believe GH is a much more significant discovery.
Perhaps the stacked veins only run for a third of the 60ms length and it works out closer to 40,000oz, but perhaps more (deeper) drilling results in many more stacked veins below the ones found so far as well as along most of the 60m length and perhaps it swells out to over 20ms wide at depth similar to what it does near surface and it works out to much more ounces than 110,000 rather than less.
Also the average grade I used might be too high if most stacked veins are un-mineralised, or I might be way too low with my grade if most do contain reasonable grade gold.
Keeping in mind that the main vein is 5 times higher grade than the average at OP and that the average grade of ore for the OP pit is 11.5g/t where there are similar stacked veins but actual veins only average 24g/t. Considering that GH has 103g/t, if the closely stacked veins also contain gold then the average grade over the 15ms might be in excess of 20g/t.
So while much more drilling needs to be done, the point I am trying to make is that GH appears as though it has strong potential to hold many more ounces than any other vein discovered this year and the stacked veins if mineralised will give much lower strip ratios allowing for a deeper pit as well as more contained ounces per vertical meter. This is looking like a potentially very valuable addition.