MRE needs to be over 50mt, at an increased grade and increased grade at .01% or more for it to rise to a reasonable level.
Interestingly, LRS has a MC of 700$mil with an MRE of 70mt at 1.25% .
If we get over 50mt and higher than 1.13% we should potentially see and minimum jump to 200$mil mc, around 70/75c ps.
imo
GL1 Megathread, page-2068
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