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The Highest Grade Gold Mine in the World, page-20

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eieio

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12/12/18

19:59

Post #: 36838563
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Originally posted by Samboy69 ↑

Hyperbole?!
This is what Cathedral found at OC as stated in the AGM preso:-

"Cathedral Gold completed an 200m by 40m Auger geochem Program in 1995
• A follow up Diamond drilling program for 11 NQ drill holes for a total of 1,364m
• Better intercepts including:
6.68m at 1.1g/t gold from 5.6m
2m at 5.37g/t Gold from 20.28
1m at 868.74g/tGold from 61m
1.1m at 7.21 g/t Gold from 68.9m

The latest drill holes were-
• TRC001 – 16 m @ 10.07 g/t Au from 2 m including 1 m @ 93.78 g/t Au from 2 m
• TRC007 – multiple significant intersections including 1 m @ 23.34 g/t Au from 37 m
• TRC013 – 9 m @ 40.52 g/t Au from 89 m including 6 m @ 60.1 g/t Au from 89 m

These were the highest grade gold hits in the whole region and the whole country

As for RMS, they are a $241M MC producer, their MC is 5 bagger higher than TRYs MC
RMS has 250% more production at 10% higher AISC and triple the resources

o 20m at 645 g/t Au from 28m, including 7m at 1,271 g/t Au from 29m; and
o 19m at 243 g/t Au from 29m, including 9m at 530 g/t Au from 31m.

Sep 14, 2018 - FY2018 Production. 208,118oz @ AISC A$1,191/oz.
Mineral Resources. 3.476Moz at 30 June 2018 (excludes Marda)

RMS havent mined these deposits so the highest grade gold mine stats remain.
TRYs hit of 868 at 1m is a lot higher grade than 530 of 9m, or 645 of 20m
In fact, RMS has only one hit higher than this one.

Comparing RMS v TRY and its very clear how undervalued TRY is by a 1-2 bagger and many says RMS is undervalued by a 1-2 bagger which is true compared to DRM GUY SLR PRU RSG.

TRY has lower costs, and is cheaper on production and resources than all the other goldies.
TRY has very high grade hits here well above the highest current open pit mines globally so why not compare them? So this proves my point.

Expand

You will note that RMS have yet to report on the true widths of those last 3 holes.

Last edited by eieio: 12/12/18

TRY Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

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The Highest Grade Gold Mine in the World, page-20

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