We won’t see a million ounces for some time. This has only just started and the latest holes prove that the game is afoot and heading in the right direction.
These holes outline that the continuation of the gold is spot on and within BC8’s model. This was previously missed because of the fault along strike and it’s mineralised with high grades.
QM looks like the easy high grade ore to pay for the underground. The deeper holes could lift the lid on the stock as I’ve said before. Blackcat knows there is gold here, it’s not greenfield stuff. The chances of success are actually very high for a tiny cap gold stock like this. Once they have sorted out the drill hole positions, they will open this up at depth and that could mean anything. The old timers left behind 10-14g/t gold at 200m, but that’s fantastic grade in Kalgoorlie these days. This should come together for us shortly. Dyor.
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