A very salient Comparison that few RecognizeOnce again, I refer to the nearby origenic deposit of Valentine Lake and it's Feasability study.
The cutoff grade was just over 0.6 grams per ton which yielded a gold resource of 5 million ounces grading just 1.9 grams per ton.
Thats correct, even with a very large cutoff grade , the economic resource grade was just 1.9 grams per ton .
Yet, according to the FS, even with the required and and very expensive 7000 tpd mill, the AISC was just over $1000 US per ounce.
Calibre acquired the project, confirming its FS metrics .
So, let us take Keats Main / Keats Trench with a grade of 15 grams per ton or more.
Firstly, high grades means only a very modest mill capacity will be required to mill such high grade ore.
Secondly, as mining cash cost is inversely correlated with grade...low grades = high mining costs ...the AISC of mining Keats for example will be extremely cheap.
So, take this comparison with V Lake.....QWN is a massive cash cow with multiple teats flowing very rich golden milk....