Robbo, due to the fact the resource has a cut off grade, the average grade reported will be higher than the average grade mined. Anything below the cut off grade is not included in the reported resource, however, when mining takes place all of the ore present will be processed i.e. including the stuff that is below the cut off grade. That is my thinking anyway.
I say that the actual grade mined is the most accurate representation of the actual grade present. The proof of the pudding is in the eating
WWI – the multi bagger small cap gold producer?, page-158
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