People look at it and see low grade, but heap leach projects are in a seperate grade category, just like open pit grades are a different category from underground grades. Broadly speaking, and ug mine might need 5g/t, an open pit milling/leaching mine might need 1g/t minimum, while a heap leach would generally need only0.3?g/t.
We don't call a 2g/t standard open pit "low-grade" just because underground mines need a much higher grade than that. But I think Saturn is maybe still on sale, because retail sees "low grade."
Grade is not king - it's just a major input to your opex numbers.
Ann: Saturn Metals to Present at RRS Gather Round Conference, page-5
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