Sorry, I have reconstructed for ease of reading:
People keep saying that grades are off the chart and management appear to be excited... but are the grades consistently high?
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Given that the transaction terms state > 1.5% which I believe is about industry average.:
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Out of the fourteen sample assay, there were ONLY three that met this requirement. I would assume that that they were endeavouring to select premium areas within the strike to assay..
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Does all this mean that it is likely that the deposit is sizeable, but at overall industry average grade ~ 1.5%?
Will it even make >1.5% ??????
Interested to hear what other investors think.
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Hi Stevo, all I can add is, why would they proceed after DD if they thought it was not a viable proposition??? I'm sure the company had more than enough information available to think this project has got enough legs to warrant a drilling program.
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