Potentially half of production moving from Low to High GradeSince half the tonnes milled is from Company operated mining at low grade 4g/t, moving from low grade to high grade could mean over 3X increase in grade for half their production.
It sounds too good to be true, but the facts appear to be pointing in that direction.
The market currently isn't pricing in that latest news tidbit but should when the better numbers get reported. Higher grade can only be good for GCM.
Even if part of the Company operated production is not at the Providencia mine, it would make sense that other areas will eveventually reach average reserve grade as well.
The media likes to pile on the bad news just like the bashers (same guy using multiple ids). When the dead horse can't be beaten anymore, gold goes up and they switch to piling on the good news.