BBX 0.00% 24.0¢ bbx minerals limited

You're not taking much in are you. The average right now is...

  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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