RE: Kutessay II It is well know that the grading at Kutessey 11 is low (it always has been thats not news!), but it does not matter how high the grade is if you do not have the technology to get it out of the ore, we have the technology, we just need to crush more ore to get to it, but we are the only company that has demonstrated that we can in fact make metal and oxides from our ore, the only company outside china. the labor rates in our minning district would certainly be less than 10% of the rates in the US, and the energy costs are also a small fraction of the costs in the states as well, all these factors need to be considered together, just stating grades is just stating grades, nothing else and of no real value to anyone.
Overall setup / operating costs and costs per kilogram of metal is what is of value, and if you do not yet have the technology to extract the metal, you can not even guess at what it will cost by the time you get there, we are already there, and we are not far from being able to state the cost which will come in a BFS.
We can also process concentrated ore from other sources for others, can GWG do anything like any of this? NO not for HREE's.