One can only hope this is a gold-ridden area that will rival the superpit - surely there has to be more than just the few multi-million ounce deposits discovered so far in WA.
Yes, this is dreaming, though they are finding a lot of gold on only a few holes so far, and there is no reason to think that gold won't extend over the whole several Km of strike. 25g/t (50g/cubic metre) x maybe strike depth 10mxwidth 50m x a 3-4Km is not out of the question as an average find along strike and that is an awful lot of potential gold. It would be unusual to hit that high a concentration over such a thickness without lots of surrounding gold.
It is for this reason the price shout up like it did and continues to remain strong.
Watch this closely - if they have more sensational results it would be worth jumping in big post ann and riding it up.
mining news on burbanks plant, page-15
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Last
$1.96 |
Change
0.075(3.98%) |
Mkt cap ! $2.240B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.92 | $38.99M | 19.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76412 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 265057 | 9 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |