Sugbess you are starting to make yourself sound desperate to downramp this thing. While I agree with some of your caution re KAL, to front up saying 2.3 and 2.2 G/t are low grade for near surface gold is just ridiculous. I've always regarded 1.5 G/t as my limit for this sort of deposit, below that I won't touch it. 1.7 is acceptable and anything over 2 is great and that situation only looks like improving as the POG continues to head up.
As you say its going to be a long time before this stuff is getting out of the ground by which time the POG may well be in the $1000++ range. Wake up mate - the POG isn't $500 any more and the rising POG only makes these marginal, lower grade deposits more and more valuable. Sure OPEX costs in particular are rising too but at nowhere near the rate of increase in the POG.
I don't hold but good luck to all those who do.
KAL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
