Thank you for this Kawartha, I should have figured this out...

Thank you for this Kawartha, I should have figured this out myself considering the first section of your post was cut and pasted from this report. Now that you have said this, I do remember wondering at the time why 1.1-1.2 AND 1.2 were both mentioned. There appeared to be some ambiguity with this report, I remember pondering this statement also now:

Costs: ~US$2.39/lb and set to reduce over 2009 with volume & grade

Thanks for the extra information also, Kawartha. I am leaning into re-entering again at these prices, heaven help me. To be honest I do not understand enough about mining or mining diagrams to be as informed as I would like to be to make these decisions. Even though mistakes have been made, personally I feel if the grades improve, so will the cash flow and things will progress rapidly from there. But it all relies on the grades to act as the catalyst.

Doc777/Trade4Profit, I think that is a good post and agree with a lot of this logic, although I wish I was as certain as T4P seems to be. I have heard reports of 25 years myself. It makes you wonder exactly what resources we are going to be left with in a couple of hundred years time but I guess that is another topic altogether.