Ann: Youanmi Exploration Update, page-278

Broad. Yep. High grade. No
What's it's true width?

High grade yes! And some bonanza grade and potentially a lot more in the deeper Grace mineralisation
A Penny West Deep South strike would almost certainly be very high grade like the other two Penny Wests along strike.
By comparison: not as high grade as Starlight (MGV) but much higher than Hemi (DEG)
But shallower then both and oxide so no metallurgic issues like Hemi.
It's all about the AISC and the Grace AISC will be exceptionally low, meaning very profitable, around AU$2000 oz but perhaps less depending on the milling option..
Each 100K au could deliver a near term cash flow of up to $200m to the JV
Current market cap of Rox is $118
True width? We don't know yet, current grid drilling is finding out but infill drilling so far has found good width.
The area is famous for exceptionally wide quartz veins, the original Penny West had some up to 5m.

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