To Goofy,
Long history of gold mining has shown low grades such as those in New Zealand can be very profitable due to processing expertise and the nature of the ore sources including underground and open cut mining.
RE mining in Aus does not have long history and as time goes on will be developed. If we don’t start somewhere we miss out on taking advantage of our resources to downstream. NTU is long term and you don’t seem to understand that a pilot plant is to see if it is possible to develop into a full scale profitable mine that doesn’t just dig up the earth and ship it overseas for processing by others.
What happens if China cuts off supply if they are the only miners and producers in our unstable world?
NTU May or May not prove to be viable so why grind the axe on NTU grade? It’s only a start. To me they are trying to get something going. D Y O R as I am and add to the discussion instead of just the one liner about low grades.
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