As a general rule of thumb the proper discovery cost to define a Proper Scoping/PFS level resource i.e. at least 75% of the resource classified as indicated is going to cost around $15-20AUD/Oz minimum... Anyone that disagrees with this has an agenda
therefore, whatever the resource growth target Oz is multiple it by say $20/oz and that is how much further drilling that is to be expected & subsequently how much more Cap Raises to be expected.
DFS & Mine Level drilling is more like $40/oz... with the higher density and tighter spacing
Not the BS we saw with the first resource defined at RPM after only a handful of holes drilled....
As a general rule of thumb the proper discovery cost to define a...
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