A40 0.00% 8.2¢ alliance mineral assets limited

Broker Research, page-7

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    I assume hartleys have mine life in the red box above based only on reserves (see top box). I feel based on prior comments by Mark C that we can safely assume there is over 90% conversion of resources to reserves.  From PFS : “There is significant exploration upside potential at Bald Hill. The Company has only drilled 20% of the known pegmatite footprint and there are significant other portions of our tenements that are unexplored so we are very confident of being at Bald Hill for many years to come.”

    Also just on hartleys strip figures above which I question: strip ratio from PFS was 9:1 for starter pit so how after modelling two years  at 25:1 and 20.5:1 are the last two years still 10 and 9? Should be a LOT less.
 
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