MZZ 5.63% 6.7¢ matador mining limited

Ann: Investor Presentation - Beaver Creek, page-22

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    Not really, also need to look at underground vs OP, as OP is only a portion, and also impacted by grade.

    WGH and 41 zones are the only real Open pit resources, which it does depend on grade. 41 zone is high for the grade (just over 3g/t OP) and a strip ratio of 12.65, but WGH is low for grade - SR of 4.86 and grade of 2.29. Obviously that's at todays gold prices, so that can change.

    The mining model in this study was very limited, as it's a PEA, the ore converted from resource to mine-able is tremendously low. I think this study was designed to get a resource/reserve out there, and raise some cash.
 
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