massive down grade, page-74

Hi VT

I think G11 has been known for some time. Have seen it past presentations.
I am pleased that they intend to carry on exploring at Tennant Creek, the old timers may have been good at their job (gutting Juno) but modern exploration techniques will imo find plenty of gold that the old boys missed. I dont see that they have any choice but to keep going.

IMO M10 and Juno deeps need to be better defined and Nobles Nob holds much promise near to the base of the old pit. Exploration from here on needs to be highly targeted to ensure they get the most out of that $4m.

On the subject of the downgrade, it looks to me that Cube have used the most conservative approach available to them. There are various methods available for calculating a JORC and it seems to me they have been brutal.