Well the drilling program at Yandan did increase the grade, by 25% (0.8 to 1 g/t), so a success per your earlier comments?
What large and efficient open cut non-refractory gold mines are struggling at 1.3 g/t head grade? Example GCY 0.9 g/t was breaking even with a ridiculously high strip ratio and pre strip CAPEX plus expensive contract mining. IMO 1 g/t continues to be the benchmark (within reason of free milling, somewhat OK strip ratio and so forth) for open cut.
My take from this is the high grade core would be the value in Yandan right now, and it is just a cherry on top of Twin Hills which is basis on which GBM is building. 200 koz at 5 g/t will blend in nicely with Twin Hills ore.
Well the drilling program at Yandan did increase the grade, by...
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