Hello All,
Long time reader, first time login / comment.
I enjoy the field reports because if you actually read them, they make sense.
So here we go:
Definition of concentrate: “the desired mineral that is left after impurities have been removed from mined ore” Hence in 2 hours of dredging, they accumulated 170 grams of gold, bottom line. (how many dredges did this, we don’t know) but If you break this down, it is over 3 times what the “conservative” projections were, and this isn’t even in the sweet spot in the middle of the river. The “hand sample” was 2.5x the conservative number.
The overall conservative numbers called for 108,000 grams of gold, now multiply this by at least 3 (the gravel should have even a higher concentrate) and we’re real deal!
They say that the 5th dredge will be up and running soon, WHICH confirms the projections all along and shows management is providing the best info they can. The question is if the JV dredge is included in the 5 or is a 6th!!?
What hasn’t been discussed is the fact that we harvested 1,800 acres of actual PLANTED crops!!!! Do you realize how much food this is!!!!! And by the way, they made friends with their loan program.
All this and they now minimized their tax bracket, are you kidding me!?
Sitting pretty with 10.5M
Waiting for RGI