Revenue would not be halved. If you double your grade on average, it would remain same when paying 50:50. If you process the highest grade first @3.8 g/t Au, you could increase revenue whilst paying 25:75. I'm sure the mine plan will make this clearer. Defining Lizard into reserves and mining first could be the go, and gets two thirds of the way to 2nd phase.
Ann: Beacon Acquires Interest in the Lady Ida Gold Project, page-68
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