Reading that back realised reasoning still may still not be crystal clear
avg grade x metal eq resource size is a relative indicator of which project is MORE economic. But not HOW economic. Because it doesnt factor cost of mine, mill, recovery %, operating costs etc
but - when you put up total metal resource value in $$$ terms it suggests to inexperienced investors that is what a project is potentially worth. Ie HOW economic
so -
1moz gold eq @ 1g/t gold eq = ok
1Moz gold eq x $us2340 = not ok
its kind of the finance equivalent of hearing a runner can run 100m in 10 seconds so assuming runner can run 1km in 1min 40.
hope that helps
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