Once again this need for clarification shows me how the market is basically ignorant when it comes to mining exploration and resource evaluation.
BRB could have stated that the exploration target (ET) is an "additional 476k oz to 676k oz on top of the maiden resource estimate (MRE) of 624k oz for a total overall exploration target of 1.1 to 1.3Moz"......... and I reckon the market would still be confused......... doh!
I also reckon that BRB using relative levels "RL" easily confuses so many as well. Add in using ounces per vertical metre "OVM" and it likely blows so many minds up haha.
If I find the time and inclination then I might post a short summary of this MRE and ET just to try showing how simple it is if one gains a modest understanding of this exploration and resource evaluation stuff.
C'est la vie.
Cheers
BRB Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held