@SunkCost you've missed the logic.
0.39% is the insitu grade of the Resource, it goes through ore sorting (~25% of waste rejected) and ithe grade s therefore upgraded to ~0.46/0.48% to feed the process plant. They clearly state in their pilot plant results results that their sample first underwent ore sorting at the Tomra (ore sorting) facilities. They also have JORC signoff on the 'representavity' so i think you are doing your blank page analysis a little too simply!
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7
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