Hey Guys,I currently hold BCD and am tossing up whether to add...

Hey Guys,
I currently hold BCD and am tossing up whether to add further to my position or pick up some VRE.
They seem similar in terms of mine life, being producers etc.

What I'm trying to understand is how the gold "grades" actually work. It seems that BCD have excellent quality grades - significantly better than VRE - however, at this point, VRE have a little more reserves and are expected to produce 120k vs 80k-100k from BCD this year. Both are completely unhedged.

BCD has recently re-opened their mine after the collapse and so are now back to full scale production with 100% mine ownership.

If you guys put some light on this it will be very much appreciated.

Thanks