The project description of Way Linggo is here:
http://www.kingsrosemining.com.au/way-linggo.php
What confuses me about this is that the company not only has production ongoing, but real free cash flow (due to low cost of ore). Yet in the project description there is not one word about Proven or Probable reserves. Instead they try to value the project based on the much, much weaker categories of Measured, Indicated, and Inferred Resources. This is the project description I would expect from an explorer, not a producer.
Why would a successful active producer avoid giving an actual reserves number?
Do Australian miners have an annual information filing equivalent to the Canadian Annual Information Form (AIF) where the reserves are disclosed, and current capex is matched to future expected production? How do I find that report?
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