Lies mate. Its an average of 119mt@ .8%" including 55mt @ 1.1%"....

Lies mate. Its an average of 119mt@ .8%" including 55mt @ 1.1%". In ground grade is not that important providing you have a large resource and demand out weighs supply. Lot of gold mines in the 90s in oz mined a mere average of 2gm/t and made large profits. Kidston gold comes to mind which had an average ore grade of 1.15gm/t over the LOM and managed to get two other projects up and running ( porgera and misima ) from the proceeds. all comes down to the quality of the end product and the margin of what it costs to produce compared to the price you sell it at. And high quality doesn't mean its going to be cheap to get it out of the ground either. Coal mines with high quality coal can run in narrow seams meaning a lot of over burden to move between seams to get the product out costing more to produce. So at this stage its all spec at the moment and one is not better than the other till they get to production or someone snaps up the resource imo.