I would like to clear this up..200 ppm is not going to be the final average grade. This has been discussed over and over. I also posted the average grade for Rossing from the Namibian Ministry of mines website which is 300ppm. One must remember Rossing is still profitable and they have contracts locked in at $30 a pound and the pit for Rossing is already 300+ meters deep. Bannerman is a sure winner. She will move up to around 230-240 ppm IMO. This is starting from the surface with prices to be locked in a lot higher than $30 a pound. If your worried about the short term then get out..if you want an investment... 2-3 years..then buy Bannerman.
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