gor drilling timetable, page-5

Thanks Crypton and Vienna for your informative posts.

You guys hit the nail on the head quite well. Although there are some gaps in what you say and what I'm wondering, but you are definitely on the right track. I'm after basically all of what you said plus more as I find that I need to get a good grasp of this if I'm investing in this space.

bear with me, its nearly 3am but I thought I'd address you both in order, with my reply based on a top-bottom read of your msg.

Firstly: @crypton

I would love to tighten my belt too. unfortunately this specific cash crisis is because I have a shortfall of cash that I need to put into the FHSA (first home savers account) by 30 June. I recently left my job as it wasn't going well, i'm sure you can fill in the blanks :) I'd say hang in there too if you can.

So despite 89,000m drilling planned originally and Hann now dropped/reprioritised from dirlling, they're aiming for EVEN MORE at 100,000m?

Thanks for the link on interpreting results. I'll check these out in between job hunting and spare time these next few days (esp given it's nearly 3am).

With your cake analogy, specifically what does each cake represent in terms of mining terminology of deposit styles? And just which type of style/ 'cake' are we ideally looking for (lower cash costs to operate from or for whatever reasons having it is more favourable then other 'cake' styles)?

Thanks for the grading guide. I note that in some results like I remember one of FML's or some other gold, and sometimes you see xx metres @ 100 g/tonne or was it 1000g/tonne? I can't remember but it was a heavenly looking figure? If 8g/tonne is great then are these one off hits that occur in mining results?

You said volume at low grades (or even better at high grades) is essential, not just the grading. But lets use the recent pdf of the assay results - I don't see any indication of what volume corresponds to the results. Am I missing something?

I also note that for example, Justinian results:

4 metres @ 3.17 g/t Au from 12 metres (RAB hole 11GYRB00350)
� 4 metres @ 2.11 g/t Au from 0 metres (RAB hole 11GYRB00363)
� 4 metres @ 2.12 g/t Au from 40 metres (RAB hole 11GYRB00445)

What exactly is the '4 metres' in comparison to the 'from 40 metres'? I note that alot of results have a varied amount of 'metres' for the drill hole, say 10m, 30m, usually up to the hundred or two hundred. Just what do the numbers mean? When does the depth become considered 'deep' depth gold versus shallow, surface type gold?

Likewise you mentioned, "So for volume - what sort of area are the grades coming in from. And thickness 1m or 10m?"

I also don't see any indication of how thick the volume is on the assay results pdf? Am I missing something/where you read it from?

When you say high grade but narrow in volume, why is this a better thing? So that the gold is not 'wide' and therefore more widespread and harder to be extracted?

So I guess with your final lines, it begs the question, where companies are boasting xxxm oz of gold, can we technically ignore this given the grade quality and type of deposit body can vary, so that even though two explorers may have the same million oz of gold resources defined, one is worth more value wise due to the above qualities discussed (volume, grade, type of distribution, how shallow/deep)?

I will check out FNT, PWN, MGV - any short reasons why? With GOR for me this was pretty easy due to the scope/scale of the Yamarna tenements and that just spelt POTENTIAL to me. Any others as well? :D (e.g. what were those 'etcs' mentioned? :D)

@Vienna:

You sure added even more complexity to what crypto said, which is what I guess my mind automatically started thinking (hence the above q's elaborating on crypto's teachings). So much to consider, feels like an exciting new world to discover!

I don't seem to notice any mention of what type of ground the open pit is e.g. soft or hard, or for that matter overburden or strip ratio? Is this mentioned anywhere in reports for future relevance/intererest? THe type of ore e.g sulphide being more exp is interesting too.

Basically If I can find an online resource or better still comprehensive books that delve in and explain these areas e.g. not just mention there's diff types of ore like suplhide, but provide the link to the business economics e.g. higher costs to treat, that would be great.

You mentioned the book by Trench regarding :" "The Insiders Guide to Investing in Mining and Resource Stocks in Australia"."

Does this cover roughly the sort of things mentioned above? Would you mind me asking how much? Amazon uk is free on postage so I may add another investment book in. That said I have purchased 'The Australian Mining Handbook' by Dr Victor Rudenno or something like that .. have not used it yet but I am hoping it provides insight to what you two have given! Really appreciate it!

"If underground, how consistant is the ore body? Does it pinch and swell? Are there faults leading to stop/start ore location? How stable is the ground to support an underground mine?

How deep is it? How close to infrastructure? Power? Water? Workforce?"

Good questions, but what sort of book/resources (online or whatever) would then explain these questions you've prompted to us in detail? I also like your idea of using reports (such as? Share broker research reports??) so if you can recommend any such services or websites/resources for these. THe Mine site suggestion is quite interesting. Can you gain access to mine site visits as an investor? I am assuming you don't work for research teams or other people who would be provided such access and you're merely a member of the public.

That said, I'm quite curious, crypto and vienna, did you come from any engineering or mining background? Or has all this knowledge come from an industry/area you've self learnt?

Def some powerful questions you've guys have provoked, the question now is finding a resource that explains the relevant areas to answer those questions and links that to the business flow on effect (costs etc). By doing so I'm hoping this will allow me to become a better investor/trader as at least for ocne I'll actually understand those driling results, somewhat! :)

(p.s apologies for the length, i usually go overboard when dead tired and I dont dare scroll up... but I have a feelng this is a mighty length reply).