There are no identified material naturally occurring risks to the project, and/or the estimation and classification of the Ore Reserves, other than potential for adverse weather conditions including significant heat, rainfall and flood events. Site infrastructure has been designed to withstand 1 in 10,000 year rainfall event." 2016 PFS-JORC
Ok, lets consider the fact that the company said its infrastructure had been designed to withstand a one in TEN THOUSAND year rain event.
Interesting they are so thorough to consider rain evens basically all the way back to 8000BC!
So they built this infrastructure ,,,,,,,,,,,,,,,and it couldn't even handle approximately 33% of the rainfall event known to have occurred in the last 20 years............
how could they make a statement like this of fact and get it so wrong?
a simple search of the internet shows the rainfall on the night in question.....It also shows the highest 24 hour rainfall even in the last 20 years, which is approx. 3 x TIMES larger.........................
So if they estimated it was built to withstand a one in ten thousand rain event and the infrastructure collapsed having endured just 33% (approx.) of the known rainfall major event in the last 20 years, then If its engineering calculations are out that far, assume its reserves are out a very long way as well, something Ive said for years.................and if you consider the last reserves were calculated last time based on a few truck tickets because the normal data was not found,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,you can imo be assured that its resource is as weak as its claimed engineering.........................................
CDU Price at posting:
23.5¢ Sentiment: Sell Disclosure: Not Held