Lets see what's produced in the South, as the suggestion is that grade and thickness increases from north to south and they should have a reasonable idea on this given they have done drilling 500+ meters south already, albeit without assays.
You look at RNU as an example, it is not necessarily high grade, 7% on ave i think, but it's just the volume of it and the fact it is near surface.
Lacroma resource is near surface, mets already favourable and sounds like its easy material and territory to mine - weathered and formed in clay.
If the north south trend they have suggested does materialise and it's for the a significant extent of the 1km+ they are looking to drill, then you would have to think there is a potentially significant resource to work with. But i suppose we (and the market) will believe it when we see it.
ITM Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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