RE: Understanding the results6 Oct 2020 11:38
Don't worry yourself too much Ashton that's why they have feasibility studies and so on as lots of factors at play. Generally I think you want at least 0.5g/t au over large area but will probably only be feasible with low costs e.g. shallow.
The higher grade areas give you hope and may show signs of a target, or allow targeted drilling/mining. 20g/t I believe is bonanza level but slightly depends if you've got only 1m vein deep down may not be worth it.
I think generally they will hope that the shallow pit stuff is feasible for a small simple scoop up operation - and it looks like it could well be so even before they drilled. Then once they've dug out they would hope to carry on to a large gold system at 300 - 900m depth maybe and they would hope for large areas of 2g/t. The more high grade areas they have the better to reach that average and then they might get some surprises I guess. It is possible to get single nuggets worth millions of dollars - the size of footballs is not unknown.
My main qualification is reading RNS chatboards and watching Aussie gold hunters on quest on mondays at 9pm... and been doing this a year. I started with nothing and got most of it left. No, started with "x" k and making 630% profit currently in an isa so been a good bullish year I think for metals. They said you could make 15% or more if you knew what you were doing so hoping I'm benchmarking well. I've put a lot of hours in but don't dig too deep on each company mainly the headline stuff.