Presto's desperately trying to downplay the significance of the looming pilot plant results with no argument presented of course, while at the same time proving again he doesn't even know what the JORC code is.
What is this crap? "3T sample proves nothing to JORC standards" doesn't even make sense.
The 3t sample needs to satisfy the JORC requirements, same as the other ~80 metallurgical samples BBX have announced.
Everyone knows the resource is huge. The number one issue is what kind of recoverable grades we can get from the resource, which is what I've been saying.
Pilot plant results will give a very good indication of the recoverable or extractable grades of the rock. Once mining starts:
Average Recovered Grades x Tonnage Processed = Ounces Recovered
Ounces Recovered - Costs = Profit$$$
If they can recover ~6oz Au from a 3 tonne sample then it suggests they can get ~60,000oz from a 30,000 tonne mining campaign given the widespread nature of the mineralisation. Add as many zeros as you like because the potential tonnages are massive.
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26Moz, +5g/t AuEq Gold, Silver, PGM Porphyry Exploration Target. First assays imminent., page-826
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