LCK Price, page-526

They said they are upgrading a portion of the resource not all of it. Therefore 10% on 3000PJ is not the correct calculation.

We are assuming it's around 1000PJ (one of the 3 seams) that the consultants are determining the new status.

I belive we could see 300 to 400PJ as 2P on this seam and 600 to 700PJ as 3P.
Therefore 30% to 40% upgraded to 2P on the initial portion of the resource.

That is still a great starting point and 3P can be upgraded to 2P in the near future.