jorc for morrisons and queenslander lodes, page-4

BB,

Note that the old mines (Queenslander and Morrison)were u/g. Now I admit that equipment technology is much better, but still, removing 100m of overburden is a big ask, esp for an IVG resource of only $250m.

For this one, I think the market is waiting for it to be a little more firmed up into a JORC before giving it any value.

I think the euphoria that used to greet resources and drill results (pre GFC) is now all gone. Caution rules for investors and they now wait for a JORC before getting excited.

HT1