Thanks,you are absolutely right regarding grades,Undervalued...

Thanks,you are absolutely right regarding grades,
Undervalued Equity releases a good cheat sheet in what are considered good grades across a host of minerals.


In my view 3 numbers matter
the depth in m of the find, the grade and finally the depth at which the ore was found .

In the hypothetical example below:
e.g. Drill 1: 5m @ 1.5 %Cu from 280m

vs

DRILL 2: 54m @ 0.88%Cu from 4m

In the industry havingmedium to high grade at closer to surface across larger depths and in this case Drill 2 would be the pick for commercial and economic feasibility.

Best
MF