Do you know that the grade cut off is 2g/t ?
Do you realise that even in areas that will not be flooded, where they manage to extract only the minimum because they cannot have any ballrooms or caverns, the grades are in the ultra-low grade?
They are umbers for an open cut numbers, but for underground, now heavily restricted with much higher extraction rates, the resource is now the very lowest of marginal.
Stop coming at me, and please, someone answer: why can't this mine raise the capital needed?
Look at it: all ready to go like no other mine for years and yet not a single dollar can be found in Sydney, New York, London, Hong Kong or any other finance centre. How can it be so?
THE 4 MILLION OUNCE BET, page-10356
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