Most on here have got little idea about the relationship between grade/depth/size/cover/recovery, etc. To be honest I'm little better but I do realise that 0.5% cu doesn't mean this is uneconomic - provided the project is big enough.
Some would pile into a stock returning 5% cu despite intersections being thin & at depth.
Many world class deposits have ho-hum grades, but if they are near surface and very large can earn big dollars for the operators.
I can understand why ATN management would be excited by the extent of mineralisation. Sure, grade is not great, but the size of the interesections indicate this could be a very large, near surface project and therefore economic.
Imo what we ought to be looking at with further results is the size of the mineralisation as much as the grade.
Also, something else to be determined is what happens at depth. Remember the 48m interesection is on-going (hole finished in mineralisation).
cosmos
ATN Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
