Just looking at some drill results for another gold company in Ghana, results look good, but want to make a point in relation to where the depth of resources actually are.
Many of us say depths of 1000-1500m feasible but in 5-10-15 years when the overburden removed from top or when shafts can be extended down to those depths.
Even 150m may not even be gotten out of the ground due to profitability, so really 2-3m at 20-30g/t at 150m ???? what does that mean (i know people will say strike length etc) but that's not my point.
What I'm saying is that these companies that have great drill results, may not even realise the asset, their tenement may run out, they may run out of cash, they may be overtaken for a pittance etc. Their investors may catch on and say I want a dividend soon, no good having 2-3 million ounces in the ground and a floundering share price.
SBL have resources close to surface at the moment, they have shafts that go down to further resources, they have pits, they have surface anomalies, they have surface tailings, they have previous mined oversized ore - for their 1.5 million ounces.
This will play into our hands when they start thinking about their mining timetables and location.
It aint the size of it that matters, it's the quality. (I'll just keep thinking that way)
I think SBL should employ me for their marketing .....
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