Tombu This is only correct if the holding material is the same weight as the gold. One (ppb) is a ratio of quantity & the other (gms/tonne) is a ratio of weight. 131ppb of gold in candy floss would give you a massive gms/tonne.
This is incorrect as weight for gold in parts per billion Au (ppb), parts per million Au (ppm) and grams per tonneAu (g/t ) are all legitimate and recognised WEIGHTS FOR GOLD.
You will NOTE that in yesterdays announcement IMX states "131ppb Au" and "20ppb Au" clearly stating that these are the lab result weight measurements for the gold within the carrying or holding material as 'Au' is clearly stated immediately after weight measurements showing that this is the fine weight of the gold within the holding material.
So given that it is in parts per billion, it is very very low grade gold bearing ore.
Pumping out announcement after announcement is doing nothing here for the price as the history is clearly weighing more on investors minds.it does for me and i will not commit a further cent here.
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