I don't like posting about other stocks on the wrong threads, but have a look at these figures for NUP concerning uranium. It seems like a better comparison to me.(I own, JUK posted this.)
"The latest round of drilling is some of the best in Australia, even the world."
Yep you're right, and the gold is just a kicker. Those gold grades could stand up quite nicely on their own, would even be considered high grade these days and that's not including the uranium.
Uranium is usually reported in ppm, and grades of 300-500 and 700-1000ppm are typical of a low and medium grade deposit respectively. Had NUP released their results as ppm it would look like this:
EV001 5m @ 1,500ppm U3O8, 1.67 g/t Au from surface
7m @ 12,500ppm U3O8, 4.79 g/t Au from 8m
EV002 7m @ 7,900ppm U3O8, 5.69 g/t Au from 3m
7.5m @ 5,900ppm U3O8, 6.18 g/t Au from 11.5m (historic mine void 10-11.5m)
EV004 23m @ 1,900ppm U3O8, 0.33 g/t Au from 9m
EV009 11m@ 3,000ppm U3O8, 4.28 g/t Au from 37m including
5m @ 3,700ppm U3O8, 6.59 g/t Au from 37m
EV021 22m @ 2,000ppm U3O8, 3.31 g/t Au from 3m including
2m @ 4,300ppm U3O8, 15.5 g/t Au from 12m
EV023 20m @ 4,160ppm U3O8, 5.07 g/t Au from 9m including
4m@ 12,600ppm U3O8, 18.32 g/t Au from 27m
EV024 27m @ 7,700ppm U3O8, 5.10 g/t Au from 4m including
4m @ 11,800ppm U3O8, 4.26 g/t Au from 8m and
4m @ 22,400ppm U3O8, 17.72 g/t Au from 20m
EV013 2m @ 200ppm U3O8, 6.17 g/t Au from 55m
Hence my earlier comment of the possibility of wetting myself."
They are both in the NT.
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