Brocko, yet another ignorant post on grades.
from wikipedia.
"Gold is generally extracted in open cut mines at 1 to 2 ppm (grams per ton) but in certain cases, 0.75ppm gold is economic. This was achieved by bulk heap leaching at Alkane Minerals Ltd. Peak Hill mine in western New South Wales, near Dubbo."
Ok this fits in with most open cut mines operational today. Larger grades deposits are generally smaller and do not fit that other criteria to being economic...being able to support a mine life.
KAL would be borderline atm for a significant mine life but close enough to get excited about upgrade announcements and further drill results. Especially given the bullish market for gold.
I dunno this rock chip mentality is weird. Probably does hurt the s/p as people flock to stocks based on nothing but a few samples.
Brocko, yet another ignorant post on grades.from wikipedia."Gold...
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