Yes a great result, I think the SP will build from here once the word gets out on what all this means IMO.
Just wanted to shed some light on the below paragraph.
'The higher confidence Measured and Indicated Resource categories have increased
to 28.4 Mt grading 1.68 g/t Au and 17.2 g/t Ag for a total of 1.53 Moz gold, 15.7 Moz
silver, or 1.82 Moz gold equivalent(1), a 120% increase in gold ounces compared with
the Indicated category in the prior 2011 resource estimate (Table 1).'
For those wondering what the combined grade is for M&I category, because it doesn't appear to be stated, I calculated it (the 1.82moz M&I eq.) to be 4.14g/t eq.
Note: I could be wrong with my calculation so don't take this as bible.
If I'm correct however, that's a a 12% increase in g/t vs 2011 on top of the 120% increase in Gold oz equiv. vs 2011. An excellent result IMO.
Not to be confused, the comparison in the announcement is made between the high grade zones (400koz at 5.4g/t) vs 2011's 700k Indicated category at 3.7g/t, therefore reporting a 46% increase in grade.
Whichever way you break it down, this is a MAJOR WIN for shareholders IMO.
Enjoy the ride from here.
Cheers
Elpha
Yes a great result, I think the SP will build from here once the...
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