These issues were raised and addressed during the investor webinar. Management explained why the location has a number of advantages which render it superior to an Australian mine. Not my opinion, theirs and it was explained in considerable depth.
As for the grade, there's been ample discussion around here around what is considered economically viable. As the copper macro shifts the grade gets lower and lower for something to be considered economically viable. Anything above 1% is considered high grade.
I'm waiting now for the downrampers to counter by saying "but we don't know how wide the surface stuff is yet" which is true, but if they admit this then it defeats their entire argument because obviously we have to wait for more infill drilling and data...but that would mean this stock is not actually good or bad at this point since we don't have data yet!
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