EQI are making bucket loads cash from the My Rawdon open-cut in QLD at 1.5g/t reserve. It all depends on volume of ore, oxide vs sulphide, overburden and economies of sclae etc.
ADU has a lot of oxide from surface at Salman where the final depth of resource averages 80m from surface. Very cheap digging and processing. CRE has more overburden to shift to get to ore which has major impact on economics. A lot of the west africa deposits are large open cut at resource grades <2g/t (PRU and many other Canadian companies that I forget off hand).
Horses for courses.
goodluck
ADU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
