I think you'll find it is a pretty damn good MAIDEN MRE. Have a look at all other major players and their initial or maiden resource announcements. They NEVER go to market initially with their top number/ estimate. They continue to deliver drill results and updated numbers to market at various intervals - e.g. at prefeasibility and then at Board approval stages.
This is the start of things to come.
My favourite bit of the announcement was this little gem at dot point 8 (always a good omen for those that are superstitious):
"James Dornan appointed General Manager of Project Development. Mr. Dornan was instrumental in progressing the development studies for Azure Minerals’ 60% share in the Andover Lithium Project prior to the companies sale for ~A$1.70 billion"
If this isn't WC8 telling the market to make an offer, I don't know what is!!
WC8 Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)