Originally posted by Jazzasax
All sounds good but from my understanding;
- we don't have Mining License on one of the key farms; this could mean a big drop in Inferred
- some of the current resource estimations are internal and the 600moz has a high proportion of indicated
- the drilling has been difficult and seems diamond coring is not effective so accuracy is an issue
- the push to other satellite areas suggests low confidence in Theta Hill converting?
- the current measured resource includes internal estimates on values/depths due to poor recovery of cores?
All this tells me we are not clear on the ounces recoverable. I'll keep a small parcel but until the DFS is out I'm happy to keep my powder dry.
I always pay particular attention to Naysayer on any stock I have interest is. On this occasion of your post it was like being whipped with a feather.
1) its 6M oZ and not 600M OZ
2) The complete district was at one time the biggest gold mining area in the world. Charaterised by high grades.
I agree with your waiting for the DFS before piling in. I added a bunch after the SS, and I will double it with a great DFS, provided I can still afford it.
