how important is a grade above 1% compared to factors like size/length/depth, jurisdiction & distance from a deep sea port? for example, AfriTin hosts a JORC (2012) resource of 71.53Mt @ 0.63%, which we're along strike of, with our results to-date indicating our grade is no less*; but being conservative & devil's advocate, say our resource is a lot less: only 30Mt @ 0.5% LiO2; wouldn't such a resource still be profitable at current & forecast prices because a smaller size/lower grade could be offset to a large extent given infrastructure/transportation/etc costs are minimal due to the project being ~200 km from a deep sea port with well-maintained roads, in a mining-friendly jurisdiction that has low-cost, skilled labour; or do you think we require a JORC (2012) resource of +1% for a feasible Uis-Askari mine?
second question, what are realistic odds of a JORC (2012) +1% resource given our assay results* to-date, or is it still too early to make an educated assessment?
*"high-grade pegmatite samples collected from surface in July 2022 showing Li2O in rock chip samples of up to 3.1% with several other assay results all above 0.5% (LexRox), all from surface, & also follow-up surface samples collected in September/October 2022 for DD purposes of up to 2.1% Li2O, as well as a handful more over 0.79%;"
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