Interesting that SPX has crunched the numbers on Penny North and have calculated an AISIC, not that they are telling us
But they do say that their grade cut off is 2g/t
With gold at a 7 year high that's a surprising cut off but similar to other deep underground mines.
It indicates a higher AISIC on Penny North than has been considered on this thread and throws some cold water on the official profitability figures imo
Ann: Quarterly Activities and Cash Flow Report, page-2
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