Ann: MoU signed with Permanent Magnet Producer, page-52

Ha! Are you serious? Time for some maths...What Wits 2.0 got? You can't even drill test to measure the grade and the continuity, but the sampling to date suggests about 1m @ ~15g/t with unknown continuity.Our first 4 holes with some decent sampling are going 44m@54g/t, 24m@45g/t, 22m@28g/t, 26m@15g/t,all mineralised to EOH.How many wafer thin tonnes has the Wits 2.0 deposit got in a square kilometre? 1000m x 1000m x 1m x 2.5(SG) = 2.5M tonnes.Of course the stripping ratio will stop you mining ~80% of that, but let's ignore that.There's every chance that the BBX deposits extend to kilometres in depth but let's be conservative and limit it to 500m (a good open-pittable depth): 1000m x 1000m x 500m x 3.0(SG) = 1.5 billion tonnes.Wits 2.0 avg grade might be ~15g/t. BBX's avg grade at Tres Estados is ~40g/t with plenty of upside.So in that sqare km Wits 2.0 has 2.5Mt x 15g/t = 1,250,000ozBBX has 1.5Bt x 40g/t = 1,930,000,000oz. Almost 2 billion ounces in just 1 square kilometre limited to 500m deep.Good luck mate. You're gonna need it.


one of middys classic posts from 2018, he has kept the faith!