Worth noting that 480,000 of those oz were using a gold price of $3,250 to reach that figure while the current price is a tad below $2,600 per oz, and the market has finally figured that out!
Usually when calculating a resource a lower than market price or a market price is used, how they get away with using a price 25% above spot amazes me.
We be interesting to see what happens when the asx wakes up to what they are claiming.
Its all in the announcements if you read them properly.
DYOR!!!
Ann: Sandstone gold project surpasses 730,000oz with new resource, page-18
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