I like the comment from the Alliance article on 22/02/2018. Which you may find interesting.
"Johnston's experience extends to being involved in open cut mines in the Western Australian goldfields, and he can already see clear mining opportunities at Target 1 - a "blob" currently measuring about 90m by 45m by 45m potentially grading about 4 grams per tonne.
Another two shoots are also emerging, with Target 2 and Target 3 potentially having grades in the order of 7gpt and 10gpt respectively, while drilling of target 4 is underway."
I once saw a statistic that for every ten (1gpt gold deposits), one 2.5 gram per tonne gold deposits exists.
Hence high-grade deposits are rare. And with limited drilling, we have three.
A TEN gram per tonne deposit. How many one gram per tonne deposits exist per 10 gram per tonne. That would be interesting.
AGS Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held