Oh dear, all this talk of displacement of low grade chump ore from WGP from the latest you-beaut distraction (sorry, opportunity) is a stockpile of 10kt at 1.5g/t.
Whats worse is that you only get 60% of the gold after costs and if it really is 1.5 g/t
Lets not forget the new inferred Resource hastily knocked
up by the CAI geos that at best goes 2 grams per tonne. Let’s knock that down by at least 50% for incompetence and for financial inputs applied to an actual mining Reserve.
But wait, there’s more.
We also want to release historical drill intercepts that were never followed up because it’s too skinny and can’t be economical to mine, especially by a company that can’t manage dilution at its 100% owned disaster.
Great result today and excellent reading.
Could be an entry point for the savy investor…..don’t you think happy clappers?
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Oh dear, all this talk of displacement of low grade chump ore...
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