Low grade means added risk, lots of it. Risk is what you try to avoid when you're investing surely. If one or two assumptions or mining parameters are out by 10 or 20% then suddenly you've got trouble. Investing in thick, high grade projects reduces risk in your portfolio.
Risk vs. Reward. Lots of risks here (grade, resource model, stripping ratio, management) and limited potential for rewards.
Low grade means added risk, lots of it. Risk is what you try to...
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