As others have mentioned, economies of scale. Think Super Pit....

  1. 1,598 Posts.
    lightbulb Created with Sketch. 157
    As others have mentioned, economies of scale. Think Super Pit.

    If its as big as the magnetics suggest at 700m diameter and 1.2km deep then we are talking about a very large system

    Example

    If we take the magnetics as true widths and depths (which they wont be, but hear me out) then we have a 700m wide system by 1.2 km depth = 588,000,000 m3 mineralised rock/material @ 2.6 tons per m3 = 1,528,800,000 tons at average grade of 1 g/t equivalent = almost 54 million ounces of gold (yes, you read that right)

    Here is a look at Alpala Deposit which is just down the road so to speak from the STM discovery and owned by SolGold

    upload_2021-10-7_19-42-2.png

    Made a very healthy paper profit on it today. Normally don't hold over night but broke my rule on this one...Hopefully made the right call!
    Last edited by share_time: 07/10/21
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.