Hey Bull, whilst all the headlines show NN as being sub 6g/t, once you strip out the open pit resources, it bumps up close to 7g/t.
If SL is right and they are able to mind 30m stopes.... the dilution will be minimal and they can further high grade the ore that finally goes into the plant, just talking about Never Never here, as I think the other U/Gs like West Winds and Sly will be lower grades (2-3g/t).
Suffice to say, I am hopeful that like BGL, the eventual head grade will outperform the reserve grade.
It's a great question and being honest, I would like it to be close to indicated category (but... that is perhaps too optimistic at this stage).
From BGL yesterday - though of course, they have a very different orebody.
All of the above is for discussion purposes only!
Ann: A$80m Fully Underwritten Equity Raising to Accelerate Explor, page-76
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