Their Total JORC looks to be 20Mt with grades at 1.02% and cut off at 0.45%. These numbers view lower than our marginally feasible PFS1. They need to grossly imporve their game for DFS expecially if you are stating their costs to be $370/tonne. This does not view profitable, hence the lack of deals and price leading to DFS.
BGS Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
