I quote from my post yesterday in the other active BRB thread:
"..The closest peer I can thing of would the market darling DEG, which have very aggressively and cleverly marketed their discovery as a company game-changer. And their discovery is a large and significant system, but when you look at the data (as a Geologist) it is overall fairly low-grade and I believe it is going to be difficult to mine. But anyway, they're $1.30 p/s and we're only 22.5c p/s, so their sh's and investors will be very happy. It's clear that their aggressive marketing has resonated with the market big-time whereas BRB's has not, and that's what I mean about maybe changing the tone and clarity of the message".
Re Bellevue, it is a higher grade, relatively advanced ug project. In fact it is very high grade (around 11 g/t), so it's not really a fair comparison. From what I know of the orebody, it's not a single uniform lode but broken up into several discrete lodes which are spatially separated from each other by up to a few hundred meters.
We just don't know the potential of the ug component of Bombora yet, as the deeper drilling indicates there is definitely mineralisation there but at this stage none of it has been included in an Inferred Resource. The deeper drilling is also wide-spaced, so it is currently unclear how continuous the mineralisation is and how far it extends. This is all positive by the way.
An 11g/t ug orebody is fantastic, but they are super rare. Underground grades of between 5-6 g/t will also easily support a conventional long-hole stoping operation, and some operations mine at much lower grades than this as well.
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