IMO, we will have to wait for the scoping study to be completed to gain a better understanding of potential pathways to economic extraction. We'll need to increase the cut-off grade and increase the deposit size to compensate for that.
The "high-grade" component of Narraburra (20Mt @ 1,079ppm TREO using a 600ppm cutoff) is fine. If we can get that up to 100Mt, we will have a viable operation, IMO. But we will definitely need to lift to cut-off grade to at least 500ppm TREO.
GRL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
