re: Ann: High Grade Intersections at Barber E... FTE will be high opex and capex hard rock conventional mining, no infrastructure in place which will increase capex significantly.
PEN' Karoo project alone will exceed FTE and displays the same high grades but with a resource of over 150M/lbs. Diference being Karoo is a built up area with all rail and road infrastructure already in place.
Good luck with FTE, PEN will be producing and we will be cashing in while you continue to wait.
That all said you are trying to compare a low cost ISR project to a high cost conventional mining process in simply comparing grades (selective at that). the grade you mention is a single down hole radiometric metric. Not an indication of the complete resource target.
FTE no infrastructure...![]()
Ann: High Grade Intersections at Barber Extend Mi, page-60
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