$31 bil in ground...$0.10 expect, page-9

jrv dreamers - $31 bil in ground...$0.10 expect Stop ramping a stock that has no JORC resources over 1g/t let alone 9 million tonnes for 430,000 ozs. Get JRV to detail how they come up with that resource estimate and you will find it will be big areas of laterites probably grading 0.05g/t and not economic. If you have the breakdown of that resource post here for all to see !!
Thus far 1,492,000 tonnes @ 0.079g/t. Oh dear -imagine trying to make money heap leaching that grade -which is also full of sulphides and other problems that give percolation and recovery problems. A whole 472 ozs for the quarter !! As for Hobbitt -it would have been drilled first up if the data base was that interesting -long before they embarked on heap leaching very low grade ores. And the CKG dump -it will be less than 1g/t and would have been treated ages ago if any good. Get real -thus far JRV have a swag of gold areas with little prospectivity unless they mount a big drill program and actually find something.