GSR 0.00% 1.1¢ greenstone resources limited

caution needed, page-10

  1. 430 Posts.
    lightbulb Created with Sketch. 31
    batman.
    I believe you are wrong to say that 1m@3%Ni is not economic at 150m depth.
    This grade translates to approx. AU$600 which is 1 oz.gold equivalent. The true width is probably closer to 0.5m but even so half a metre of ounce dirt is definately mineable.
    They do however need some a lot more similar hits along strike & dip to enable the commitment of capital to a decline. I would start thinking about a feasability if they had 80m strike & 100m depth. Once you get down there the intercept would definately be in the mine envelope at current metal prices.
    Watching this one very closely.
 
watchlist Created with Sketch. Add GSR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.