When the announcement will drop?, page-118

I might be wrong here, but...

( I read about this here https://www.investopedia.com/terms/1/3p.asp )

This isn't my area of expertise but I learnt to read...

3P is more speculative than 2P but better than 2C.
2P is the usual standard = Proven and Probable (the upcoming report will indicate the mix).
3P includes some Proven and Probable, Some Possible (the upcoming report will indicate the mix)

Proved reserves = 90% certainty of being produced (P90).
Probable reserves = 50% certainty (P50),
Possible reserves = 10% certainty (P10) of actually being produced.

3P is a rosy estimate of what could be coming in the future.

As I understand it, LCK said they would be re-rating some of the 2C (3,000 Pjoules) to 2P
And, the remaining 2C (the rest that isn't validated because it hasn't been demonstrated with a ISG test) would be re-rated.

They also indicated a revised JORC was possible with the 2P announcement.

So I am expecting...
a 2P headline number on some of the resource (I am guessing between 500 and 800 P joules)
a 3P re-rating on the whole resource (inclusive of the 2P) - so a much bigger, but less certain number.
and probably a revised 2C rating on the rest (an unreliable but indicative bonus).

I am guessing the total resource (however it is rated) will be larger than the previous 2C estimate.

I could be wrong, but that's how I am reading it.

We might have the answers sooner than we think.

IMO
DYOR