Since when has a gold explorer released an announcement that the latest drill hole produced 5m @16.5g/t gold at shallow depth and then the market takes the sp down? Yet you see some others with results of 1.5g/t - 2.5g/t gold and their sp shoots through the roof.
The ASX is a funny beast indeed.
Following the announcements so far, DRG is methodically mapping out what appears to be a large, very high grade, gold resource so I'm in for the long haul here. At grades like that, you would be expecting the costs of production per ounce to be well down on the others with their sub 3g/t ore bodies.
Ann: Further High-Grade Gold at Tribune Lode Discovery, page-14
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