Ann: World Class Zn-Pb Resource at Teena-RXL.AX, page-29

yes, just had to go look it up. Today's ann is a trap for the unwary. It is a jorc estimate so there is no obligation for the company to mention the depth of the resource. So I just had a look at the last drill results for Teena from November last year. Whilst the hits were very good they were from 817 and 895 metres deep. That is a looooong way underground and with base metal prices under stress in recent years I doubt that is economical for now. Still that might change if what they say about a zinc shortage is true.

I am certainly no geo but if I am ever looking at any base metal resource there are 3 basic things I want to know. How much of it is there, how good are the grades and how deep underground is it. Each one of those things is worthy of careful consideration. Teena gets a huge tick for the first 2 but falls down on the third IMHO.