No way GT1’s combined deep 24MT is same value as WR1’s single 59MT surface deposit. GT1 was being valued more than WR1 on a per MT basis hence the big convergence back to sector norms.
Currently valuations sit around 1.8 mil per million ton for a single jorc deposit. I think combined jorcs may incur further discounts. The market is no looking at anything other than this rate.
No way GT1’s combined deep 24MT is same value as WR1’s single...
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