CEL 4.62% 6.2¢ challenger gold limited

Ann: Hualilan Maiden Resource Investor Presentation - Updated, page-10

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  1. 5,346 Posts.
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    I think they will be very close to 2Moz in high grade once all the assays are completed and the MRE upgrade done.

    60% of drilling included for 1.1Moz (high grade) = 1.8Moz for 100% of drilling if the grades hold. Seems like there's scope for an uptick with the unassayed holes around Sentazon looking the goods. Apply the same maths to the low grade and you end up with 1.6 Moz for a total of 3.4 Moz.

    Nothing to be sneezed at given the current results show at least 1.5 Moz (so 2.5 Moz) will sit within a lower cost open pit zone. So 200K Oz's a year for 12 years.

    No wonder the San Juan govt is saying - you have a mine - get on with it!!!


 
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