Cheers for running those numbers plough. So if they have say...

Cheers for running those numbers plough.
So if they have say 125k in the top 100m. With 70% indicated, they might get a 50-80% conversion rate to be mined, perhaps 43-70k ounces.
At a high grade. The high cuttoff is interesting too, though I imagine the strip ratio will be high (but that is ok because of the grade).
Mind you, an open pit might go down to 150m, which would see the numbers jump up towards 50-80k ounces etc.

I like how the MD is being fairly candid about the future plans. Logical and to the point.
Am I right in my understanding that they deposit is not on a mining lease yet?


These ounces look to be quite valuable, when.... they are eventually able to be mined.
Still very early days of course and hopefully the MD and the geo team can find more ounces in and around Crown.

Without a doubt, IMHO, if the ounces were mine ready, WGX would simply buy OAU. However, I believe they will want ounces that are far more progressed and truly 'shovel ready'.

I think OAU and GBR should merge. Thereby making them too good a target for WGX, but... with two MDs.. I wonder if a deal could be done.

I do think it's a great little deposit, but... with more funding needed to drill it out, I prefer to hold better capitalised explorers.

Good luck to all holders.