Damo, GSR did state they were developing through a low grade plunge with the decline and this was a trial of the extraction circuits. You still don't throw away 1.36g to the ton. GSR got a decline into the high grade with this effort. That should not be forgotten in light of the 96 million shares FMR Pty Ltd hold in GSR. I think there is further leverage there when they get stuck into the bonanza grades. There isn't many that come to mind with these grades as announced. Also consider a recent post, repeated below.
Gold is about to run given this is the third time futures have risen above $US1800 as per this morning's figures.Gold Futures - Feb 23 (GCG3)
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- Ann: Shallow High-Grade Bonanza Intercept at Burbanks
Ann: Shallow High-Grade Bonanza Intercept at Burbanks, page-114
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