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15/11/17
14:36
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Originally posted by Xenius
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Hi Deme, excellent post thank you. Not sure if you agree but I think confirmation of the reserves upgrade will be the single biggest catalyst for the big money to start flowing in again. The assays are secondary for now IMO but would be a BIG bonus - others may beg to differ.
Technically speaking, another few days of churning around these prices should set the stage for the next leg up which ties in nicely with your estimated timeframes.
Quite excited to hold this one going forward and should certainly be an interesting ride with all that pending exploration news flow.
Cheers and all the best
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I agree wholeheartedly with you, Xenius.
In terms of mineral classification under the JORC, ore reserves are far more robust than resources - given they are 'economically feasible' for extraction. And when I was last in contact with Simon (around a week ago), he even mentioned how critical it is to get the reserves right.
Thank you and great reply. Cheers.
p.s. And the POG.
Last edited by
Deme :
15/11/17