The grades aren't high but since it's a potential open pit situation they don't have to be high to make cash. Have a look at Osisko from a few years back, they were pulling up 1-2g/t for a max of 100-200m and went to $12+ before splitting and are currently around $9 post split.

Here is an example NR from their site so you can see what I mean:

http://www.osisko.com/en/press/2006/12/04/111/osisko-intersects-123-metres-averaging-1-13-g-t-au-at-sladen-extension-strike-length-of-deposit-increased-by-240-metres.html

Mind you they are "Osisko Mining" now but when that NR was released they were still Osisko Exploration.

Just food for thought.

Gamblor.