Brett...I just watched the video and WM said the plant will be constructed to handle up to 5 to 7 %...
not quote "WM said on his video it will be more like 5% to 7% where he starts mining."
Unless I have the wrong video.
http://www.youtube.com/watch?v=rlBOD1OsbdY
He does say he expects the grade to be better than 2% in the first 4 years.....but how much more than 2% is the question...if at all...still a mystery unless you go by the JORC! Decreasing grades after 4 years
Looks to me an average of 2% over 10 years may not be unreasonable or an income of $480m pa ($8000t) before opex, tax, interest if any, exploration and capex for lowgrade plant upgrade..
Or have I got it wrong..
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