IMHO development work on the 1100 drive hit the top of the gold system. Notice that management decided to immediately drive down to the 1080 level to validate the viability of the gold system at a further depth of 20 metres. Development activity should now be into the"pay zone" and I assume that ORS will immediately begin processing bulk samples to validate grades. Development should be running at around 5 metres per day. Assuming a vein width of 3 metres, height of 4 metres, we should get around 150 tonnes per day of payable ore. IF we get back to a grade of 8 g/t then the stock price should appreciate significantly event in the current depressed gold environment.
ORS Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
