RE: RE: RE: RE: RE: RE: RE: RE: Feels like a leak. You guys know mining; Please put me, a non miner, right. I understood that any material above the cut-off grade is ore, Dilution is waste that must be mined with the ore... material below the cut-off grade. Tony led us to expect higher grade production, but perhaps the fault was in the feasibility study that misled us all including him.
I read in it: " The resources for the TW Project have been carefully and prudently established from significant surface drilling which limits the potential downside risk that the actual ore grades enountered during the mine life could differ from those estimated to date"
Oh yeah ? What about, "Drill for structure, drift for grade" ? Perhaps the price decline was caused by people who didn't understand the variability of ore grades, or, understanding, drove the price down for their personal advantage.
Anyway, as the previous poster pointed out, the higher grade material is still there for the future.