Quoting the ETR like that doesn’t mean the lower end is the cutoff.
And quoting a low cutoff number doesn’t mean squat. On what basis are they claiming that number, with even having done lab tests. What cutoff figures are their peers using? Particularly the ones who’ve actually built pilot plants. Using 300 (or 800) is akin to trimming the bushes to make the tree look bigger.
And what is their basis on the exploration target for the southern zone? The couple of drills they actually sunk down there were dusters.
Ann: Hawkstone Mining Investor Presentation, page-59
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