Cut off Grades of economical Jorc mining... ????24 Nov 2021 07:56
Its clear to me there are as CB states...500m tonnes plus of Copper , my only reservation is how economical is it
with such low grade pay dirt...
Until the copper price increases every credible investor stated 1.5 to 2% is a mine in quantity.... with 0.50% cut off
Now 0.25% cut .
So is it economical processing millions of tonnes of pay dirt to get .09 per cent copper from a .34% resource..
I am skeptical but hoping the big picture will become clear.....
From research there are better grade propositions in ozz which will provide better returns over a shorter period...
Which has to be better for investors or am I wrong ????
Its hovering at this price for a reason with relentless assays.