Just a recap on the exploration targets which were put out back in March 26, 2019 announcement.
to 100m the upper end of the exploration target was 2.6Moz 3PGE...we achieved 2.2Moz 15.4% less than the highest range. Tick.
Roll on to 200m, and if we acheive the same strike rate (15.4% from highest estimate) we should end up with 4.9Moz. (84.6% of 5.8Moz)
Now we get to the fun stuff....if we go 520m below surface, and the resource is uniform the entire length (which at 100m suggests it is), that would extrapolate the 100% potential to be 15.08Moz ((5.8Moz x (520/200)...less 15% would still be a mammoth 12.818Moz.
Doesn't include any parallel reefs either...cop that!
It's only maths, and all conceptual in nature...but it does sound good.....
Our new shiny (yet to start) CEO should be buying on market right now to avoid any disclosure matters....
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