Ann: Mt Remarkable Gold Update, page-16

Main problem is so far it is very small.

If you look at the high grade zone it is about 50m x 50m. Even if you assume a full 10m strike length and SG of 2.8 that comes out to 70kt. Average grades at best probably come out to an ounce per tonne being optimistic so to date we might be talking about 70koz, which isn't much of a JORC compared to other cheap dedicated goldies.

They either need to broaden the zone or try and get some hits better than 0.35g/t outside the high grade zone in my opinion. That is a lot of dirt to dig up. Even if you could push up to double that and then start blending in the high grade stuff they might be able to process a decent amount of material at a 1.5-2g/t head grade to generate an economic resource.

Obviously the V is the main game here but even if they can generate something viable on the gold front and flip it that will help holders from my perspective.