rci ends takeover negotiations with jindal, page-2

This mess gets worse. Their supposed 900mt resources is starting to look a bit dubious. From quarterly report: EPC 890: "it is expected there will be some downgrading of JORC Inferred resources due to a revision of mining parameters and a mandatory reduction of the tenement area."
EPC 930 is a lottery, who knows what if anything will be found there, and MDL 324: "The exploration target size being sought is in the order of 80-120Mt".

No wonder Jindal wanted to do their own drilling. They are losing a large part of the prime tenement in a few months, DOWNGRADING their JORC resource due to 'revision of mining parameters' (that's what happens when you rely on old outdated data from the 60's or whatever it was). And the others will have to really be amazing to get to 900mt. Now we see why Jindal did not believe them.

Good luck whoever is left.