Ann: Mestre Assays Show Further Bonanza Grades Up To 185g/t, page-83

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Barry Smithy

241 Posts.

71

03/02/18

11:03

Post #: 30791170
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Originally posted by Onspeed ↑

It is a very good time to buy OGX imo. As you say the amount of gold bearing material (waste, tailings mined ore) is substantial and it is just sitting there to be liberated using the new processing mechanisms which they have confirmed can get 90% of gold out, meaning the AISC is going to be low. They have a huge buffer of material

As Alex Molyneux said he thinks there is ~40,000t of tailings there with ~10g/t gold. 10s of millions of dollars worth. Add on the development waste (how much could there be of that?) and the stock piled high grade fresh ore from last couple months or so?
Potentially $30m - $40m+ of recoverable gold there

Now the interesting part is because of this low AISC buffer material we have ample time to open up fresh streams of high grade ore in Cuca etc which they think is even higher grade.

Elisio is the smokey - from what I understand this is the area that Anglos was very interested in due to the Wits type geology. Very curious on the grades from here (results off bulk sample due next week). I expect them to be high as there is a very good reason they targetted this zone at this time

You made a great post Humphrey, the type of post that is helpful to new investors and the type that should be front page. You get a like from me, hopefully everyone does the same

GL
OS

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What does Alex Molyneux have to do with this company?

OGX Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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