BB there is no certainty that the resource upgrade will be positive news, especially if the additional drilling at King Vol results in a resource downgrade. King Vol obviously has a very high grade core, but going off the previous and current long-sections, it appears that some of the tonnes may be trimmed when the resource is revised. But let’s wait and see. It appears that Kagara were previously very bullish with their resource estimates and Geoff is enforcing a more conservative approach...so there could be some more widespread downgrades, but at least the market will have more confidence that they are achievable.
Also just speculating, the resource upgrade may include some direction on the resources recently acquired from CopperStrike.
KZL Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
