If you have read the PFS, you will note the 11g/t resource...

If you have read the PFS, you will note the 11g/t resource grade, turns into 7g/t head grade at the processing plant. So yes, the narrowness does add dilution, but even accounting for that, 7g/t is still very high-grade.

And i don't know how much you are across ore sorting technology? PNR are installing one as we speak, this piece of equipment (maybe $2mill bucks) is expected to drive production up from around 55k oz p.a to 80k-100k p.a.

Test worth of Rothsay ore has been very promising to date, with enough ore, production from the proposed 200ktpa plant could push 80k oz +. Rothsay ore has slightly higher recoveries than Nicolsons (95% v 92%), with similar grades.

PNR has a MC of $260mill+, EGA $34mill...