Size is ok, but grade is low and it turns out MKG had the superior tenements on that front.
Explains both the pre-release PR about recoveries, the shorting, the discounted raise, the fall after that raise and the release of this quietly between Christmas and NYE when most are away.
Is it mineable? Maybe. Maybe not. It is that marginal.
Was expecting better from BST, and now it looks like the northern section 'BM' and MKG's tenements might become the focus going forward.
IMO going to need to find a starter deposit of a higher grade to get up and running with the potential to blend lower grade ore.
Ann: Boundiali Gold Project Maiden Resource delivers 1.6 Moz, page-2
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