where to next week??, page-13

Just some brainstorming:

The new Majestic area has a footprint of 2,5 by 2 km.
If one just takes a block of 1 by 1 km, and a depth of 100 m that gives us 100 mln m3 which is about 250 mln tonnes !
Suppose an average grade of 1 g/tonne this would give 250 mln grammes, which is about 8 mln ounces of Au !!

Look at various presentations and articles: the size of Majestic is enormous, the grades are high AND shallow depth.
In the above calculations I took only 1/5 th of the area, a very conservative grade and management is not ruling out mineralisation of several hundreds of meters or more !!
I would not be surprised if next year around this time, there would/could be a resource size of several tens of million ounces of Au.

And don't forget that shallow depth means open pit and thus relative low cost per ounce.
Besides that, cashflow is coming in right now from tha Randall project gicing a profit coming year of 75 mln A$.

Personally I expect an enormous resources/reserve upgrade coming months/year which could turn Integra into a second Newcrest or so.

Time will tell....

klmarc