“Grade Is King”

– But Smart Investors Will Delve Deeper

‘Grade is King’ over-simplifies the sector’s mine economics: If “Grade is King, Geology is the Ace”

High grade doesn’t equate to low cost!

Source: http://www.cet.edu.au/docs/default-source/training-courses-/gold-grades-and-gold-costs-exploding-the-high-grade-myth.pdf?sfvrsn=2

Expanded investigation: Gold costs and geology

Is grade King in gold mining? – Ulrich et al – Sep 2016 – Centre for Exploration Targeting / The University of Western Australia from John P. Sykes