Okay, last one..
These Gold finds in the drill samples. 1.13 g/t is considered low grade. anything from 1-4 g/t is low grade in an underground mine, but look at the levels at which this sample was taken 51- 54 meters, that's an open cut mine i would think.
From what i can find open cut mines can be very profitably at lower g/t levels.
following extract is from * article in November 2019. second place for lowest cost gold only has a grade of 1.2g/t. pretty similar to our result.
"the lowest cost “gold only” operations were Kirkland Lake Gold’s (ASX:KLA) Fosterville mine with an AISC of $454/oz (39.9g/t), then Alkane Resources’ (ASX:ALK) Tomingley mine at $807/oz (1.2g/t) and Saracen’s (ASX:SAR) Thunderbox mine at $897/oz (2g/t)."
So i think definitely worth them taking a further look at what is going on here. Imaging if they can take the CID off the top first and sell it before they even get to the gold..
I will say it again, I am no expert, and probably missing some important facts, but i am more that happy for the experts to be taking a closer look. never know what they might find...
Happy for someone who knows more about all this to either back me up or set me straight..
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