The image below sets out details of BGL's resource. The MRE is 9.8mt @9.9g/t. But the thing to notice is the LOM resources and reserve is 9.9mt (ie same as the MRE of 9.8mt) @5.8g/t. My interpretation is that of the 3.1m Oz of resources they are saying they can only extract 1.85 m Oz of gold at a grade of only 5/8g/t no where near the 3.1m Oz at 9.9g/t.
If my interpretation is correct, with the NN underground grade of NN being 6.88g/t and with Pepper it seems possible that the mineable grade or head grade will be greater than the 5.8g/t for BGL. We may also find in a year that the mineable SPR resources at NN, Pepper, WW, etc will exceed the 1.85m Oz of BGL ( I am quite confident SPR will achieve that).
The image below sets out details of BGL's resource. The MRE is...
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Last
$1.35 |
Change
-0.005(0.37%) |
Mkt cap ! $1.494B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.38 | $1.33 | $6.638M | 4.888M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7403 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 5998 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| SPR (ASX) Chart |