Not necessarily true. AJM and PLS are probably part of the same peg system yet they have a fair disparity in the grades that they have proven up. We can't really make an indicative assumption based on EG in my opinion. I also don't think it really matters.
Even if POW was 1.1-1.2% rather than the 1.4% of EG but does in fact lie 5m from surface it might be cheaper and easier initially to dig it up and use it. Would provide income and a quicker path to market which would then support the company to move on EG more effectively.
KDR Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held