If the story is that this is to be mined underground, I think you might want intercepts of a heck of a lot better than 2g/t. Some 10g/t or more, over significantly more than 10m length, is pretty much the minimum to get me excited. Seems the market feels the same way, looking at the stocks I've been following.

The numbers may end up being tricky to present well because of the nugget problem. People tend to see through it when you get 100g/t over 0.5m and then try to present it as 5g/t over 20m (if you do the math, you'll see that it's the exact same amount of gold, just smeared over a larger area).

Really, I'd rather see some detailed commentary from Mr. Tilsley himself as to suggested total bulk tonnages and extension of strike. If he has the rep that people here say he has, I'd much rather the NR has a detailed writeup from him personally, instead of the typical holes-with-lengths-of-grade that you get from other miners.

I'm not that educated in the details of mining grade though, so I'd be more interested to see how Hoov answers your question.

All I know is that I laugh at the penny stock people on the other site (and formerly this site) who wet their panties at a NR of 12g/t over 0.6m. To me, that's unmineable garbage.