Ann: Yandal Gold Project Ore Reserve Statement, page-7

The 400-600oz at 2+gt is there, but they decided the market is dumb and just likes big reserves oz numbers so went and used a lower grade estimate (ie incl more ounces)

They should have stuck to their guns and used 2+g/t reserve. And that ofc would have also meant a lower production cost highlighted.

Market would have loved it. I would have been a buyer. Don't know what logic these guys are using, but its not the same as mine.

Having said that, looks way oversold, so may well be a buyer anyway.

Cdchi1