KCN 1.21% $1.68 kingsgate consolidated limited.

Chatree was processing 0.6g/t and sometimes falling toward...

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    Chatree was processing 0.6g/t and sometimes falling toward 0.5g/t. 1.6g/t doesn't seem true, or they would have been making mega dollars.


    My guess -

    Quartz lease was withheld from them for a long time, so it's probably above average compared to the other deposits (because after those many years, KCN had mined all of the easy areas, being left with the lower grade or deeper areas). So I'm assuming 1.0g/t for quartz lease, which might bring up the average processed grade from 0.5-0.6g/t to 0.6-0.7g/t.

    From the old video presentations, A-pit was their largest, but not very high grade. Quartz lease is connected to A-pit, and is a big hill, and looks to have higher grade blocks. So I assumed A-pit is 0.5g/t, and quartz lease 1.0g/t. And with less mining costs, because of less time driving trucks down to the bottom of A-pit, just drive up the Quartz lease hill a bit.

    The new exploration leases could have higher average grade, in parts, because of being withheld for so long. But quartz is nearer-term and more guaranteed.
 
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