the Grade Factor thing is a very positive bit of info for sure.
morrie goodz in that 1998 report mentions that historic production grades versus average assay grades proves a Grade Factor of 2 - 5 fold. i do remember reading CGT's reference to a Grade Factor of 6 fold. very impressive indeed. it gives me a great confidence in the economics of a mine.
some weeks back PeterH mentioned that he felt it more relevant to discover more quartz reefs, no matter what the grade, as the gold nuggets would be somewhere along the reef anyway - to boost the overall recovered Au grade when in production.
so we are on a winner in my mind. the story just keeps getting better.
cheers
MCO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
