Indicated grade difference between turnberry and St Anne's is huge 1.6 to 2.9g/t. Given the similarities in grades in the drilling results make me suspect they have been ultra conservative in this resource upgrade. Also nothing in inferred????????
I think they want to only show the most profitable portions of the St Anne's gold to help the PFS and make it look more profitable.
Saying that the market cap here is crazy undervalued. The 25,000 ounces alone covers our current market cap in profits assuming a $1000 cost per ounce and $2600 price of gold (currently $3,000). 25,000 x $1600 = 40 Million.
Ann: Initial High-Grade Oxide Mineral Resource at St Anne's, page-7
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