This statement from PeterH concerns me:
... whatever is in the Morning Star itself is more likely to be a source of cash flow to fund these [Waverly?] projects than be a prime objective in itself. This is not to say that more, as yet unknown, good dirt might not be found in the Morning Star to change this picture ...
This is in effect saying that the MS mine has a limited future. So though there is a JORC of nearly 1 million ounces, and grade factoring that could multiply the JORC by maybe 250%, and the value of the resource looks to be in the billions of dollars with a mine life of much more than ten years, and ignores the possibility of the contact zone being prolific, and assumes that the main shaft cannot be upgraded, and that POG is likely to go ballistic, and that much of the exploration and analysis of the mine counts for very little (what a waste it seems!) ... I could continue but most here will get the gist of it
after all that "the mine has a limited future"
my opinion of that conclusion is that it's total (expletive)
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