If the zone is say 50 m vertical by 50 m horizontal at a width of 2m and going 2oz of gold per tonne. SG is 2.7. Then the gold in that ASX report would be 27,000 ozs max (without dilution).
Let's say the zone is 25m by 25m (like the announcemnet shows then we have only 6750 oxs. Now if 1 oz/tonne then half that = $3375 ozs.
If the width is really 1m instead of 2 m then 1/2 of that again. Maybe it's only 1700 ozs.
Do TAM really believe that shareholders would get excited over something as meaningless as this!
I am not an expert.
The recent history of TAM shows a good announcement out around the time of a disappointing one. I would expect now expect a disappointing annoucement soon.
NOW whatever happenned to that single drill hole discovery that they had last year? No further announcements - maybe just alot of hot wind again?
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