Hi Pete, Results are not good, they're great. 0.5g/t Au doesn't...

Hi Pete,

Results are not good, they're great.

0.5g/t Au doesn't really mean much on its own.

This is not a gold system so you shouldn't be isolating the gold grade on its own.

If it was a gold system, then 1-2/g/t is very profitable for most gold miners.

But this is not a gold system.

It's copper-gold-silver-cobalt, and it looks like it could/will be massive, especially if Orion, Grant's Find, Fuso & Rough Triangle all end up being part of the same system.

Today's result of 0.5g/t gold is actually 3.45/g/t gold equivalent when taking into account the Copper and Silver- so, the result is actually great for such a shallow intersection and not to mention for a first hole drilled.

While we're on grades and Copper-gold deposits:

Australia's biggest and most profitable gold mine (Cadia) is mining at ~0.4g/t gold and 0.3% Copper grades (yes, biggest and most profitable gold mine in Australia, producing at 0.4g/t Au) (the mine just contributed $1.4B to Newcrest's FY21 EBIT).

Anyway, there's a lot of factors to consider in all parts of mining.

Hope that helps.

Cheers,

GB.