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https://www.financialsense.com/financial-sense-newshour/guest-expert/2012/05/01/brent-cook/what-i-look-for-in-a-junior-mining-company
makes the point that low grade vs high grade is not as much important as is margins. What he and the majors are looking for on a takeout is relatively low cost of production, something under $700.00 per ounce. Also a capex less than a million. Tha payback period is also important, so when looking at an over 600 million investment where you are not paid back for 4.2 years (which I think is our PFS estimate) this can be a daunting investment. I believe this is why high grade at Kiaka South can become a real game changer as it accelerates the payback for the capex.
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