Yep people seemed to missed that it still averages out at over 1 ounce per ton with only 5 data points. In January when more samples start to come in from the 15 trenches then we can get a little more idea of what we have. The answer that I'm aching for is what is the actual minable thickness and at what average grade?
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Looking at the above picture I was of the impression that 1 meter would be a safe thickness to assume at this point in time. If more than 1 sequence is mineralised then it could be more. Remember that the wits only averages 8 gpt and 30cm thickness. So if we have a thickness of 1 meter averaging double digits then we have a big one!
The major disappointment for the market would have to be the conclusive evidence that there is no fine gold component systemically distributed within the conglomerate - or at least at Purdy's Reward area anyway. So our dreams of proving up hundreds of millions of ounces quickly needs to be abolished. So now we have to live with the reality that we won't be valued in the billions overnight. It will take many years for this system to be proven up. It is good in a way because it gives people plenty of opportunities to trade in and out without worrying that they missed the boat entirely.
I pretty much sold out all my other conglomerate players because if Novo/Artemis is going to be a slow slog then what chances have the others got with no permits or forward plans? Finding a few nuggets isn't going to excite the market anymore.
