Ann: Misima Exploration Update, page-15

#nihilism take a look at the mining cut-off grades and production costs for the operation prior to closure - something like 0.7g/t in soft ore, and 1.2g/t in hard, and this resulted in one of the lowest cash cost producers in the world at the time (AGM presentation).

Grade is not the issue, 'grade is king' is a fallacy promoted by marketers with small high grade deposits. Real value is derived from long life, low cost operations, and judging from past production, and exploration results, this has the potential to be just such a project. The more I read, the more I like this company, and especially the Misima project.

Now, where to find half a brick so I can buy 1.2% of the company.......