They have depleted some of the resource, so its an 'equivalent' upgrade of about 4% of the Mineral Resource from 32.2Mt to 33.5Mt the way I read it.
Still not much, but then these drilling results are months out of date, so not that surprising.
And they have moved some of the indicated resource up to measured is my understanding.
'I'm unclear as to what this implies for reserves though?? The AR clearly headlined the fact that a new reserves upgrade was targeted for June 2012!! And it stated that we will get annual resource and reserves upgrades. So I am still expecting this in June.'
Hardmano - I hope so, but I did read it differently I must admit, but I hope you are right. I fear this is all we are getting for now.
As you say, the good news is from Sumba in the quarterly (could they have lodged it any later?!). And yes, its certainly a long haul stock!
Gaj
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