I agree with you entirely
@Aimee79
Grade is king in gold projectstandard and projects like these have an ever evolving story.
IMHO the initial mining will be concentrated around the zones that have been stated as over 7 g/t generating significant early cash flow.
This is one of the reasons why I was so impressed with the IRR which after revised feasibility is still a massive 189.5% or thereabouts. Most companies crow about an IRR of 20% or more. Though the study numbers are all we can go by as far as JORC compliance and rigid metrics is concerned (which is where the average of 5.7 g/t comes from) we also have quite a good chance that by the time the initial high grade ore has been mined additional high grade zones may well have been identified (with the untested extensions identified in announcements) which will not only extend the resource but also extend the mining as open pit method (again IMHO)
Knowing the history of how these development opportunities play out methinks it's relevant for newcomers to be aware that players who have not participated earlier will now want to participate and will attempt to transfer funds from the so called 'weak hands' (nervous investors who get frightened by short term price retrace men's or those not prepared to be committed to a 3 to 5 year realization if potential) to the so called 'strong hands' (institutional and 'patient' investors)
For those that are experienced enough to invest in the options I also see potential for the short term trading of these as (IMHO) these will be 'In the Money' well before options exercise times and as the share price increases these are derisked and provide a lower price entry to the opportunity.
Huge disclaimer:
Options should only be purchased by those that clearly understand how they work and are aware of the risks, as well as the leveraging rewards.
I am just pleased to see the massive amount of hard work (that I know from constant communication with management has always been present) is on the way to being rewarded.
I recall talking to Alex at one AGM where there had been a run up in the share price which had then pulled back. I had purchased additional shares at over 3 cents and said that I was completely at ease with my investment despite the pullback. Alex's response was 'I am confident that history will in time prove that you made a very wise investment'
Cheers and GLTAH
IO
