IMO you are under-estimating the drill results, If we can find enough of that 2g/t plus ore and put it through the HL plant, then our production will be nearly 3 times than using the grade of the.07g/t. With a likely AISC of $1500aud and price of Gold $5,200aud, that will be a massive cashflow for a junior with a market cap of $25 million, the PE will negative big time.
I suppose you are going to tell me KAL's drill results were good.
Ann: High-Grade Gold Mulgabbie Paleochannel & Exploration Update, page-104
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