Look, i think it is a great discovery and they have done really well to build the geological knowledge. The reality is that the grades have always been troublesome.
Stop being blinded by the total contained metal and just consider on a day to day, month to month operation. Tonnes and grade.
As I have mentioned before, the Palladium grade carries the deposit. Nickel is of equivalent value contribution but at 0.15% Nickel grade, the recovery can be expected to be ordinary. Go a few hundred kms east and see nickel mines operating at >2% Nickel. Perhaps the market for Palladium is fantastic, however it currently appears tied to petrol/diesel burning engines.
Fact: It is low unit value material. <$100 contained value per tonne. It will be challenging but not impossible.
CHN Sale, page-280
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