Monday, March 11, 2024 9:16:08 AM
Hey, I conducted a 5 minute exercise this weekend, just for you.
I calculated the average of the 26 "mineralized" drill hole intercepts into the TANNAHILL.
The average is 2.6 meters of 2.50 g/t Au. That's only 6.5 grammies (grams X meters). That's not very good. It's sub-sub-economic. An economic ore-grade Au intercept, depending on the configurations, should be 50 to 100+ grammies. And that's just average, not great. Look at some of the "hot" drill hole intercepts in the press recently, they're hundreds of grammies. And many of these hits barely move the stock price...
Why are we drilling this bowzer again?
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