this only credible thing about mtn, page-39

re: jorc uranium code JORC does not provide economic parameters even though a number of people are under that misapprehension.

It simply tries to assist with a consistent methodology whereby a mineralised body can achieve a tonnes/grade classification as a basis from which you can then move up through the categories-inferred to indicated, and then finally to measured. These can then be converted across to mineable reserves once economic parameters have been applied.

A simple JORC compliant classification can thus apply to a subeconomic inferred piece of crud-provided the right calculation approach was adopted.

Notice the MTN management referring to more drilling-they give this intial calculation/resource little more than the status of an exploration anomaly-not a mineable resource!!!

Cheers,TAS