BBX 0.00% 24.0¢ bbx minerals limited

100% ore! Avg 40g/t Au 1km x 200m to EOH all holes, OP mining 2019, page-43

  1. 4,791 Posts.
    lightbulb Created with Sketch. 385
    You're not taking much in are you. The average right now is ~40g/t. A 50% markup is 2oz/t.

    I already explained above how the mined grades can increase:-
    1. they will mine the highest grade patches first;
    2. optimisation of the extraction process will see a big increase in reported grades.
    A lot of the results we've seen will be from tests that failed to recover much gold because it's experimental. Some recoveries will have been only 10-50% of the true grade. There is potential for massive upgrades to suboptimal results when they perfect the extraction process, e.g. 20g/t @ 20% recovery --> 90g/t @ 90% recovery (450% markup).

    Also, when was a gold grade distribution ever homogeneous? You've proven your ignorance there.
 
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