Great article here -...

Great article here -

https://www.mining-journal.com/base...343886/signs-point-to-world-class-galena-mine

In common with other modern, smaller-scale, world-class mines in Western Australia - and names such as DeGrussa, Nova-Bollinger and Forrestania top that list - Abra shapes as a standout for the quality of product Galena aims to deliver. The met testwork informing the upcoming PFS shows high metal recoveries of circa 95% in an exceptionally high-grade and clean concentrate (average 74.5% lead, with 120-160g/t silver).
"From our observations people are seeing this as easily the highest grade lead concentrate produced in Australia, it not further afield," Turner says.
"When you factor in that 95% payability the value of one of our tonnes is probably comparable to, say, DeGrussa or Nova-Bollinger.
"Our mine life could also be much longer than any of those deposits."
Indeed, while lead may not be the most fashionable metal still despite the strong spot price improvement of recent times, the Abra endowment on a gold-equivalent basis looks positively luminous at about two million ounces at an average grade of 6g/t for the high-grade component (11Mt at 10% Pb) and some 5Moz at 4.4g/t for the current global resource.
"There are a lot of companies with inferior deposits, that aren't as advanced towards mining, that are currently valued much higher than us [at A$69 million market cap]," Turner says.
"Obviously our market cap now is a bit low, but we are confident now we will get that up much higher as we look at the best financing options to minimise dilution."