yeah mate, I agree if we want to play it safe, we can rely on 46.5Mt as a bare minimum. However, I think we will end up with more than 100Mt IMO based on these reasons
You know the initial target was 30-100Mt based on 300m strike with three holes. 21BMRC001, 21BMRC002, 21BMRC003 from ANN 13/07/21
In today's ANN, we can see that the strike so far is 450mX1300m Here we can safely say we have app 46.5Mt
Going forward, they are planning to drill test an area of 2000mX1870m. There will also be some infill drilling as well. Hence I think the end result could be higher than 100Mt. But so far, I'm happy with the current estimate of 46.5Mt. That's a huge resource stand alone. Add to that the Gold potential. Happy Days
KGD Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
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