BRB taking it hard today on a maiden resource statement of 11.8mt @ 1.6gpt for 634koz. The market was probably expecting higher grade and over a million ounces (as one broker told me last year, "multi million ounce potential").
I will be a very happy investor if DRG can prove over 500koz in a maiden resource come Q3. The difference between the two comes down to a simple factor, grade. My current calc on Tribune is 1.7mt @ 8gpt* for 435koz (and growing). To bring Tribune into production at 60kozpa would require a modest 0.24mtpa plant**, whereas, BRB would require a 1.2mtpa plant to produce the same number of ounces each year. Bigger plant = more capital and operational costs.
Another reason why I don't like to use the mcap per resource ounce metric, total rubbish analysis if that's the defining factor of ones investment decision.
*I respect Warwick Grigor's conservative number of 8gpt, I was thinking more like +9gpt
**Three operational plants in trucking distance for 3rd party milling, might not need a plant
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