Ha...No mate, this is not bulk low grade for a high price environment. Bulk low grade is 0.5g/t in a high POG enviro. Strip ratio at 3:1.
This is bulk excellent grade 138.6 MT @ 1.13g/t Strip ratio 1.9:1 with a starter pit at 1.4g/t at 0.9:1 Strip Ratio. Especially that the first year and a bit of mining will cover Capex.
This is not an average bulk low grade mine, this is mid-tier magic for whoever wants it first.
CDV Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held