Hi Imagine,
That sounds good and the metalurgical studies should show results in the near future however this announcement on Tuesday isn't really to do with the metallurgy, it's to do with Jorc compliance matters on previously announced estimates of mineralisation. Therefore it's JORC related not metallurgical.
I still think that it's a mixture between the 1.97 billion that has been stated as JORC compliant and the 72 M/T which is included in that according to their presentations. It's not a major thing at all as it's all just about complying with what the ASX set out and in correcting the wording IMO.
Nothing will change the fact that MAK have got the goods but it's a shame that they can't get their wording right.
You might be right as well though.
Champ
:)
after trade announcement, page-39
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