great result but what's doing?, page-2

It beat my expectations on tonnage - overall grade came in as expected.

Big upside is that the high grade managed to get 2.5Mt for 700000+ oz (Au equiv) @ 9.3 g/t. Obviously this stands max probability to ultmately make the conversion from resource to reserves. My concern pre release was that the low grade zones would be too dilutive - but happy to be proven wrong on that, esp considering the fairly generous 2.5 g/t cutoff.

Overall the announcement infers that it grades up well in zones, will have enough tonnage to be economic, and has heaps of exploration upside. i.e. this will be a mine.

With a technically sick chart (over 6 months) and sellers out numbering buyers 5 to 1, I guess traders will have there way with it today, but once analysts pour over the fundamentals, then hopefully a trend change will be in order.

There are still assays for 3 holes imminent from a 4 hole program where the 1st got 6m @ 41 g/t. These (and others) being outside the current resource.