My take is that the thicknesses are absolutely tremendous the resultant tonnage will be quite large. Grade is not really a problem, even though its DSO, crushing will supply a bit of beneficiation and you will find that the shipped grade will probably be in the high 50's percentage wise. Rio ores now average around 61% - so thats not too far off benchmark.
Did I mention the thicknesses !!! Gosh it will be cheap to mine. That is the most surprising thing I think.
GIR Price at posting:
$2.05 Sentiment: LT Buy Disclosure: Held
