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Let's be honest, this new resource is low grade trash. The grade...

  1. Vainglorious
    603 Posts.
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    30/08/16
    14:16
    Post #: 18793905
    Let's be honest, this new resource is low grade trash. The grade is less than half of everthing else (in both copper and gold).

    But there is money to be made here. Assuming the project is now done in two stages - high grade, then low grade - the NPV increases about 25-30% (depending on assumptions of course).

    Don't just read headlines about total ounces. Grade is king.
    Last edited by Vainglorious: 30/08/16
    CRB Price at posting: 23.0¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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