fairly definitive statement, page-9

Agree. Some people say we are representing it in an unfair light. But the 55% was many moons ago. What do you put more faith in two old trial shipments or recent trenching. The treching superceeds the trial shipment imo.

If the grades are much lower then it will be a marginal operation for KAB, but Noble will still get ore + interest + 2 salaries.