So this puts our global resources at 3.4mill ounces at just over 8g/t gold and with silver credits averaging over 50g/t.
I'm not saying there aren't any but I can't recall any other Australian gold company with a resource that big at that high a grade.
Should be all over the press in coming days?
I posted the above on the old thread but better to stick to this new thread now.
Some selling at 16-16.5 just below the previous high was to be expected. The problem with that is that the previous high was when we had 2.1mill oz at 4.5g/t. We now have 3.4milloz at 8g/t with big exploration upside on both projects. The sp could easily double based on that over a few days considering the low enterprise value for resource ounces and the now much higher grade.
5mill oz will be an easy target to reach with the large ares of undrilled high grade veins at Dynasty and upside potential now added with Jerusalem.
I plan to sell some of mine to rebalance my portfolio but not at these levels.
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