Low-Grade Propositions

Excerpt from 'Cobar Mining' column.

Dubbo Dispatch, Friday, December 17, 1897

.....The newest enterprise in the district is the

Mount Boppy G.M. Co., the Anglo Australian

Exploration Co. having bought from Mr. Elwin

Lowe, O'Grady's prospecting area at Mount Boppy,

at a satisfactory price. Including new applications

tho company now holds 89 acres at Mt. Boppy and

there is an immense body of ore in sight. The

manager was expected on Thursday night, and this

journal wishes well to the newest of "low-grade

propositions." ......

http://trove.nla.gov.au/newspaper/article/226747862

I have to admit, I needed to look up the definition of "low-grade propositions" here. The best definition I found was "cheap labour and large capital" relating to NZ mining in 1916 (paperspast.natlib.govt.nz/newspapers/AS19160928.2.72).