Break-even grade is defined as the ore grade at which the project's NPV is zero. Which option matches this definition?

Break-even grade is defined as the ore grade at which the project's NPV is zero. Which option matches this definition?

• A. The grade at which the project first becomes profitable in any year.
• B. The grade that minimizes total mining cost regardless of price.
• C. The ore grade at which the project's NPV is zero.
• D. The maximum grade considered economically infeasible.

Answer: (C)