He says 150km of BIF comprising Hematite and Magnetite.
The hematite makes a nice product but is a bit high in Phos, if they can find a lower phos strata the beneficiation process will release 2 GRAMS per tonne gold, thats about 0.7 ounces per tonne.
He doesnt mention how many tonnes are involved.
Wouldnt that be nice 500 000 000 x 0.7 = 350 000 000 ounces of gold.
Surely the biggest gold mine in the world !!!
MYG Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
