PDI 13.2% 23.0¢ predictive discovery limited

Depends on what's in the ground: how many tonnes at what grade....

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    Depends on what's in the ground: how many tonnes at what grade. I reckon PDI have more potential for big tonnes and good grades at shallow (open-pittable) depths than many of the gold plays out there.

    Tonnes depends on:-
    - strike extent: looks great given the good correlation between the mineralised soils and drilling;
    - downdip extent: looks great so far;
    - grade continuity between holes (has a big effect on the tonnes): good so far; and
    - the number of mineralised lodes across strike: looks great (each additional mineralised lodes across strike has a multiplicative effect on the tonnage).

    I'll explain grade continuity between holes a bit more. If it turns out to be nice and 'slabby', i.e. each mineralised lode looks like a big concrete slab with good continuity along strike and downdip then you get 100% of the tonnes (and ounces) between drillhole intersections. If it ends up looking like somebody dropped a packet of Smarties then you might get 20% of the tonnes between holes. Big difference.
 
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