Compare this low grade project to GEMFeasibility study just came out on the New Gold Inc.(NGD:TSX/AMEX) New Afton copper-gold property. This planned underground operation contains ore that averages around $35 U.S. of contained metal per tonne. Current market cap of NGD is nearly $220 million cdn.
Initially for me, this is an encouraging comparison for GEM.
Regards,
garmin1