Past gold production from the Menzies tenements subject of the Farm-In is approximately 800,000 ounces. A total of 902,000 tonnes at 22.5 g/t (654,000 ounces) was mined from underground workings and 1,683,000 tonnes grading 2.64 g/t (142,700 ounces) was recovered via open pit mining.
http://www.hotcopper.com.au/announcementFiles/2008%5CIRC%5C623210f4-ff5a-44b1-80ce-ada691e843d7-IRC433094.pdf
22.5 g/t sounds pretty alright, and Gold is the "In" thing.
Anyone following Regal (RER) and got an opinion on this...?
Cheers.
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