@ Rooster. I don't believe what he says re the ore body. That is the problem. why did they drop the DTR cut-off from 9% to 6%. obviously to expand it and get the numbers up. why is the silica % in the recent sample all significantly higher than the previous drill program data. I don't think you can smoothly say 20 for 20 to a funder until you have 400mt in the final category - accepting as low as 6% seems not great. perhaps we follow JORC rules, but still... this was supposed to be w orld best...inferred is now at 68.6% 239Mt. I note TRAN (who I think is excellent BTW), is now suggesting 300-330 inferred.
The upcoming recovery process disclosure is an appropriate time to elaborate in full how the quality of the ore will still effectively produces 70%.
final comment- I would say the same that the professional H&Sc guy wanted to cover his behind. HOWEVER, he still said what he said. probably poorly managed.
clarification needed... -
HIO Price at posting:
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