Might as well expect 4% and then just be pleasantly surprised with anything better.
The announcement said that the core was visually as good as the highest previous samples. If you look at the grades from the 2007 announcement, 4.3% was the highest grade.
At the end of the day, its the total resource upgrade and the extensions that matter. 5 years of production from a tier 2 asset is nothing to sneeze at, and perhaps even better if we get a good price for an outright sale.
The other exciting thing that everyone has forgotten due to the amount of information in the last few days is that it appears there is a supergene copper pool somewhere beneath the current South Wallace gold resource. That is something totally new and could prove very lucrative once we find it.
Plenty of news still to come too.
EXS Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
