Correct. 793ppm is their JORC so 3 times lower.
About 4 times lower than one would need to be economically viable at today's REO.
Luckily VMM has an economical grades throughout the tenements with 47mT at 4000ppm.
presumably that figure can grow with further drilling. Even 100mT at 5mtpa throughput is 20Y LoM. can feed 2500-3000ppm thereafter.
BCM doesn't have a viable deposit imo that's why its MC is low.
Why is Viridis so much cheaper than Meteoric?, page-12
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