All things considered, given the 66% increase in resource, with 50% indicated (from 10%), unclassified resource, zones outside of optimised pit shell, reduction in PoG from $2500USD to $1800USD with same cut off grade and low sensitivity, this is a great result!
Moving forward, likely to improve the the stripping ratio with infill drilling and likely to drill out increases in the resource which management quote likely 1.5-2.0MOz. They also have new targets which appear analogous to Ternera. Given that Ternera is already shaping up to be a very solid gold deposit which will most likely be mined in the next few years, also ha w incredible blue sky and the channel sampling supports this.
If you need to see hard data before investing, fair enough, but 1.1Moz within pit shell $1800USD with all of the infrastructure and permitting benefits of the location at sub $50m MC seems insane and this seems to be a no brainer...
Good luck to all LTHs and DYOR. All IMO.
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