correct; i dont mind lower grade material if its consistent across the bore; some of the best gold and copper mine deposits are porphyry deposits; the market generally understand these deposits and will go after the 10+g/t for 2 meters from 100m depth before a 0.25 to 1 g tonne from 1 meters to 100meters deep which porphyries generally are and any miner would agree that consistent lower grade is better than random high grade strikes on thin veins.
The ann this morning headlined with the big 10.85% ..... which was actually - 0.8m @ 10.85% Cu, 2.94 g/t Au and 20.6 g/t Ag from 1,199.0m
CHK knew these results were pretty rubbish IMO, but tried to cushion some of the initial impact...they had nothing else
This result - 114.66m @ 0.37% Cu, 0.25 g/t Au and 1.0 g/t Ag from 1,095.34 - 1,210m . If this was from surface level then its a buy .... but from 1095-1210m it certainly isnt imo ; they basically need to exact down 1100 meters before hitting a pretty thin veined intercept i.e -
These results are very poor considering depth IMO, anyway enough said on this one
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