RE:Some mining 101 for Dummies RE:grade numbersHallidas
You are taking things out of context! You state Shawn puts the cut-off grade at 150 gpt silver and 2 gpt gold! Actually the technical report puts the cut off grade at those levels. Now remember the cut-off grade is break even cost from an operational stand point which means the AIC is higher yet. So based on the numbers you are applying you need high grade just to break even. Needless to say their numbers are well above break even so they are very good but remember to temper your enthusiasm by puting these things in proper context.