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terminology is terminology...highest grade does not equate to...

  1. pooh_bear
    599 Posts.
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    09/04/13
    14:53
    Post #: 11621786
    terminology is terminology...
    highest grade does not equate to "World Class".
    The implication of world class is that it will generate fabulous wealth for little investment.
    Ask BHP about "World Class" deposits such as Beenup Mineral Sands, or Ravensthorpe Nickel, both in WA.
    The class of a deposit is merely a reflection on multiple factors that combine to make it a Reserve namely:
    - tonnes
    - grade
    - environmental factors
    - mining cost
    - processing cost
    - marketability of the final product

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    IVA Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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