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11:56
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Originally posted by TerribleTadpole:
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I think the market has pretty much caught up with this one already. The previous resource was kind of useless. The December, 2018 upgrade from 1Moz to 1.4Moz was achieved by lowering the cut-off grade to 0.3g/tonne and drawing a weird, disjointed resource boundary. Coupled with a mere 15% indicated result, the resource was basically uneconomic. Looking at this latest report, it's pleasing to see that the cut-off grade is back to a more realistic 0.5g/tonne. But nothing else has improved very much. The resource still sits at only 15% indicated in patchy, sparse, veiny ground. The company hopes
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Golden Rim says there is “considerable” upside in increasing the resource further.
(20min delay)