Nice - This new vid from the MD says everything you should need to hear on GPX, page-50

Hi Voose it's a start up project not mining for opex/capex pacifically buts lets stick to conversations already at hand...Growing into known markets with certainty where you have control from a solid base...

IMO a potential funder will encourage you develop a larger project just out of of reach of retail level...This is your vulnerability point IMO which needs to be addressed not by increasing volume and size but lowering capital intensity per ton mined...High grade is one way of achieving this how ever you still require select mill feed IMO...Many variables in mining where margin curve is great it doesn't anticipate the variables that flow to real revenue...

Grade is King in flotation technology as it reduces thru put of plant per ton of concentrate delivered...

Lets use some hypothetical numbers

Project A runs 5 % TGC through plant has excellent distribution and the plant runs @ 100% efficiency...Lets give a basket price of $2000 per ton of dry bagged concentrate

5% TGC x 100 tons = 5 tons x $2000 = $10,000 of revenue - ROM mining level and ROM plant level

Project B runs 20 % TGC through plant has okay distribution and the plant runs @ 90% efficiency...Lets give a basket price of $1500 per ton of dry bagged concentrate

20 % TGC x 100 tons = 20 x 90% = 18 tons x $1500= $27,000 of revenue - ROM mining level and ROM plant level...

Project A delivered 5 tons with a thru put of 100 tons
Project B delivered 18 tons

For project B to deliver 18 tons it would need to run 360 tons even tough in example it was gifted a 100% efficiency rate...For the purpose of this example efficiency is yield

A low grade project requires more infrastructure larger work force larger plant larger tailings facility bigger foot print ect but delivers less revenue

Croc