OAU 0.00% 1.0¢ ora gold limited

Ann: Further High-Grade Gold Intercept From Crown Prince, page-9

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  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Here we go again. The tiny intercept at off the chart grade is extrapolated to an impressive result but it isn't imo.
    Look at the other intercepts. Mere traces of gold. Imagine actually mining this deposit. Very high strip ratio because there is so much waste and the feed would be of wildly fluctuating grade.
    The 282.38 g/t should not be included or should be capped at a much lower grade.
    This is a classic nuggety deposit that will not produce a commercial MRE. It will fail at the Scoping Study stage in my opinion.




    https://hotcopper.com.au/data/attachments/5423/5423122-e1f6c476eb6ae1817ae174144f43d1e4.jpg


    My opinions DYOR

 
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