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They have found a large zone of gold.... and puny MC of $12mil...

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20/10/20

13:59

Post #: 48235915
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Originally posted by LeeKing: ↑

"a peak high-grade hit of 1m at 76.4 grams per tonne (g/t) from a 66m mineralised zone starting at just 71m.That intercept also included a hit of 20m at 5g/t from 116m."

REZ announcement is so unclear that it is leading to all sorts of interpretations. As far as I can tell, that 76 g/t hit is WITHIN the 20m at 5 g/t. If you separate it out, there is:

1 m at 76 g/t and
19m at 1.26 g/t.

So basically, they seem to have hit a nugget or a very narrow zone of 1 m, and not much else, from 5 holes. Happy to be corrected by someone with more expertise.

I'm surprised at the runs of GBR and REZ, but the market is simply a popularity contest at the moment.

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