BGL 2.00% $1.79 bellevue gold limited

Ann: New High-Grade Gold Shoot Confirmed at Bellevue, page-9

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    Very high grade extension of resource as seems usual for the BGL deposit. My understanding is that in underground mining they follow the high grade loads so the actual grade mined per tonne is much higher than any average across the total deposit that might be quoted in a jorc and in comparison with more diffuse lower grade open pit style deposits. So potential profitability is very high and would be known as such by the company, investors and anyone considering it as a takeover target. This equals lower risk and higher upside.

 
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