Hinch,
i know you keep mentioning grade so just for comparison here are Red's (taken from their announcement today):
Much of this is at depth as they have depleted the shallow surface ore many years ago which in contrast all of Torian's drilling has been very shallow and grades similar and trending to far greater (with much from surface) in many cases.
The "Rainbow" deposit above is a satellite pit located on Tarmoola that was mothballed back in the 1990's that they are de-watering and it's my understanding they have the intention of putting back into production (a good gold price will do that).
And to put grade into perspective here are the top 10 reserves in Australia today:
Cadia 1400MT @ 0.4g/t
Boddington 566MT @ 0.7g/t
KCGM Superpit 178MT @ 1.1g/t
Tanami 36MT @ 5.0g/t
Lake Cowal 138MT @ 1.0g/t
Gruyere 87MT @ 1.3gpt
Tropicana 49MT @ 1.7g/t
St Ives 25MT @ 3.3g/t
RED 65MT @ 1.2g/t
Granny Smith 13MT @ 5.3g/t
Some pretty impressive tonnages there but also many of these projects are underground and a few have refractory ore issues which both add significantly to mining/processing costs. TNR have neither of those problems.
cheers
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