TSO 3.03% 3.4¢ tesoro gold ltd

Seems you both can read an announcement.....but struggle to...

  1. 5,056 Posts.
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    Seems you both can read an announcement.....but struggle to understand the tech behind it.

    In simple terms......lets use an example
    Initial drilling
    Hole one = 10gpt
    Hole 2 = 5 gpt
    A reasonable person would end up saying field 1 has an average of 7.5gpt.

    Further infill drilling.....
    Hole one - 10 gpt
    Hole two 5 gpt
    Hold 3 NSI
    Hole 4 NSI
    Hole 5 1gpt
    Hole 6 5 gpt
    Hole 7 37.5 gpt (the bonanza hole - 5 x previous average, woohoo)
    Hole 8 4 gpt
    Hole 9 1 gpt
    Hole 10 3gpt
    Average - 6.65 gpt.......ouch

    A good result in an existing field couple with other poor/NSI results doesn't always increase pit value my friend, can actually have the opposite effect.

    Beware the detail here....it's not great

 
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