GXY galaxy resources limited

Banter and General Comments, page-20101

  1. 14,728 Posts.
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    You are setting yourself, and possibly others, up for disappointment with posts like this.
    GXY has not, afaik, re-sampled significantly from existing wells, nor drilled many new wells, in order to revise their overall SDV grades so much.
    Imo it makes no sense to expect a very significant increase in average resource grade....
    how on earth do you think they estimate this and based on what information?
    They would need a LOT of new wells with much higher grades, and/or new samples from existing wells that are magically higher grade than previously...
    Simple.
    Manage expectations imo, and we’ll prevent some of the whinging when reality doesn’t match fantasy.

    That’s not to say avg grade won’t increase a bit (perhaps) but there is no point expecting much in this regard based on what we know GXY has done re drilling in the last 8 years.

    Just imo
    DYOR
 
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