?????
You've completely lost me there... my inability to draw comparisons?...lol. My position is clear; in a region with many world-class projects, Brightstar will never achieve this status. Yes, most of A1's tenements are north of Beta, although it sounded like you were refering to Granny's and Wallaby.
Well Beta (Mikado) probably IS fairly relevant to A1, because if you believe the figures, 25% of Brightstar's ounces are contained there!
The Delta results look ok if they are actually new intersections and not just twinning old holes, although at a current resource of 22.5K oz, it's very small. Over half the ounces here are inferred as well.
Which brings me to one of the main reasons why I don't like this project, and that is the very low level of geological control and understanding A1 have of these deposits. This is demonstrated in their Reserve Statement (June 07), in which approx. 75% of the Brightstar Project ounces are inferred. In fact, only 30K oz out of the 1.01M oz are classified as Measured, that's a very poor conversion rate.
To advance this project to BFS stage, and convert their inferred ounces to indicated and/or measured, would require a very large and concerted resource and infill drilling campaign, something which I believe is beyond the company's financial abilities at this stage.
Yes, they may have one of the lowest MC/oz figures going around, but possibly one of the poorest resource conversion rates as well.
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