Ann: Youanmi Exploration Update, page-280

First 280 Last

Share
Profile

Follow
GoldPirate

10,696 Posts.

1429

15/08/20

07:32

Post #: 46559749
Share

Originally posted by m0ngy: ↑

Broad. Yep. High grade. No
What's it's true width?

High grade yes! And some bonanza grade and potentially a lot more in the deeper Grace mineralisation
A Penny West Deep South strike would almost certainly be very high grade like the other two Penny Wests along strike.
By comparison: not as high grade as Starlight (MGV) but much higher than Hemi (DEG)
But shallower then both and oxide so no metallurgic issues like Hemi.
It's all about the AISC and the Grace AISC will be exceptionally low, meaning very profitable, around AU$2000 oz but perhaps less depending on the milling option..
Each 100K au could deliver a near term cash flow of up to $200m to the JV
Current market cap of Rox is $118
True width? We don't know yet, current grid drilling is finding out but infill drilling so far has found good width.
The area is famous for exceptionally wide quartz veins, the original Penny West had some up to 5m.

.

Expand

I would hardly call MGV hits @ Starlight for example as, anything but mostly, very shallow. No cross-promotion! Just commenting on the stocks you included in your post Mongo. Re-read the hits from the 28/7 assay results! I won't put them up here as that would be cross-promotion afaik, which some feel is ok. I don't!

For disclosure. I don't hold RXL @ present for my own reasons. Not because I don't think it has great potential. It's just there are many Juniors with great potential right now on this screwed up Casino room & hard to hold them all, all the time imho....

Last edited by GoldPirate: 15/08/20

RXL Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

Reply