and keeping it even simpler

Extract from previous post , looking at Gold Zone, the way I read the article posted :

"""""The spacing between the gold and palladium zones varies in a systematic manner across the deposit. The resource estimate includes a specific estimate (Comb 17.5 metres Limit) for areas where the spacing between the two zones is a maximum of 17.5 metres. These areas, which are well defined from a mining perspective, have a higher grade than the average for the total Combined Zone and would be targeted for mining in the early part of the mine's life""""".

Contained Within the Combined Zone (just looking athe GOLD zone)

Au Zone 106.8 mill tonnes (about 6% of the total resource size so far) grades @

1.68 g/t Au

0.59 g/t Pd

0.05 g/t Pt

for

4.43 g/t Pd equivalent

for

5.77 MILLION OUNCES GOLD

2.03 million ounces Palladium

0.17 million ounces Platinum

They are saying this would be easy to mine at around USD 20 / tonne with paydirt value @ USD 105 / tonne
based :

Au 470 (cf 666 spot now ....... Alf says 870 soon)

Pd 210 (cf 336 now......... GS say 430 sustainable)

Pt 929 (cf 1194 now ........ GS say 1350 soon)

On GOLD ALONE ...... I dont see any new 6 million ounce deposits in Oz approaching CRITICAL MASS as this appears to be.

The Palladium -rich part within the combined zone is just as impressive if u delve. (Later) But for sake of KISS, trying to get my head around the GOLD first.

Just playing with numbers atm Hots, lest we forget the Jungle King was also a 10 mill microcap not that long ago hey?

Love playing with these kinda numbers. Bit surprised how low the est mining costs are tho (?). Reckon the paydirt approaches more like USD 150 /t tho if u factor in spot ......... thats about LH paydirt value for even smaller size !!!

The numbers are sooooo big too when u add all the bits up ......... with the overall resource size around 1.5 BILLION TONNES !!!

Can u begin to see what I'm thinking here Hots ? I know the Apprentice can haha.

NEED to hear something from the company re their figuring in case I'm missing something here.

Galahad envisaged a 35,000 t/d mining operation here ie around 10 mill tpa. Consider then at this rate, their project GOLD PRODUCTION was of the order of 600,000 ozs pa PLUS 200,000 ozs pa pgms credits !!!

Try telling me THAT aint the kinda project a neo arctic wolf sniffing a coming precious metals "C" wave wouldnt be interested in !!!

Just placing my opening "blind" on this new Olympian manilla game bros.

IMBOOC

Check my numbers and train of thought taaaa and let me know if u think Ive been hitting the cosmic smoke a bit too hard here haha.