BSX 8.89% 4.1¢ blackstone minerals limited

I am no geologist but consider the following statement is...

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    I am no geologist but consider the following statement is showing very poor grades.

    "PFS Mining Inventory includes 64.5Mt at a grade of 0.41% Nickel for 264 kt Nickel"

    And then we have this showing good grades

    "LOM PFS Concentrate Production is 1.9Mt at 8% Nickel for 151 kt Nickel "

    Would appreciate if someone could explain.
 
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