BIF-hosted gold at Mt York. BIF is very hard so it can cost $$$ to grind the ore to extract the gold so potential for high cost/oz production and poor Resource--> Reserve conversion rate, more so at those grades.
If I was looking at this I'd chase up the Met reports and find out how well the old pits performed, e.g. recovery rates, cost/oz. A 1.4g/t resource is sad enough but in BIF, no thanks.
DYOR
Ann: Pilbara Gold Project Mineral Resources Jump to 643000 Ounces, page-109
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