What a strange announcement IMO. There now appears less (undisclosed) DSO tonnes at a higher grade when compared to the resource (Fig 3). Also the competent persons statement for the reserve has reappeared on page 6 but there is no mention of the reserve in the analysis and what effect less DSO tonnes will have on project cash flow.
As a general observation, the quarterly report was also very uninformative. I still cannot locate anything on the reserve and production/cost forecasts which presumably was part of the work performed by Minserve.
WDR Price at posting:
79.0¢ Sentiment: None Disclosure: Not Held
