Hi mumstheword
I admit I dont know the costs of a mill, but my take on it is that the co are working on a cost effective way to extract the gold, profitably, whilst working also on expanding the size of the overall tonnage
They know the grades are in the lower range, but when I asked them about this, they said its irrelevant the grades, its the profitability of extracting and selling that is the only thing that matters, and they are very confident of this.
It would be a good question to email to them and see what response you get back.
I have spoken to them several times now, over the phone, and they are very approachable and want to help investors understand what they are doing, and they feel they are very undervalued right now.
Maybe not the answer you were after, but a response nonetheless, and I think quite relevant.
Cheers,
Wilson
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