I am estimating 0.3-0.8 g/t average gold recovery for Cascavel & it's tenements.
Not sure who will be mining it by then (Xxxxxx Resources?).
I think there are many shareholders who believe there will be 9 g/t + avg recovered. imo, you can expect panel samples etc to be in that range, but not large scale mining by any means.
I base my estimate on numerous variables including- Dilution.
Its not what the fantasisers want to hear because it's a realistic figure for large scale mining & it means that Cascavel & it's tenements were never actually special.
If anyone has proof to back up average grades anything higher than my estimate (for large scale processing of ore) then I would like to see that.
P.S. I'm not down-ramping & I don't want the company to fail,
This is just my opinion.
Is Cascavel economical?
I think in time, you will find my estimate to be quite accurate.
OGX Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held