9.4Moz @ 0.7g/t AuEQ
9.9Moz @ 0.3g/t (rounded up from 0.28g/t, by my calculations) (no byproducts listed)
Similar Oz volume, but 0.7g/t (inc. byproducts) vs 0.28g/t (no byproducts listed).
Although, USGO includes underground resources. Excluding those, so a proper open pit only comparison:
8.1Moz @ 0.65g/t (AuEq)
vs
9.9Moz @ 0.28g/t (Au only. No byproducts listed)
NVA is a little larger, but USGO has more than double the grade. I don't know if they've calculated a NPV for a clear comparison. I assume USGO would come in higher eg. no CAPEX necessary for sorters, but maybe higher CAPEX for byproducts.
So I find it deceptive for NVA to give USGO a cross in the table for 'world class drill results'. At least list their average grade, to give a fair comparison.
And it hardly hurts to cross-promote the competition in the immediate district. They're practically partners, with a shared airfield and I assume some shared expertise/knowledge.
General Chat, page-6555
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