major project upgrade ..., page-60

5hareholder, the "in-house" economic model will have sensitivity scenarios built into it for spot and consensus LT forecasts. The current inputs quoted are above spot and LT forecasts admittedly but its also based on current resource model and not on a revised one. What is clearly shows is they believe there is a significant margin for safety based on existing model let alone the revised one.

Block by block reconciliation of actual tonnes processed to what's recorded in the JORC may see a few raised eyebrows by industry insiders. Perhaps a trigger for a rerating perhaps not, but I think I know the more likely answer already.

Cheers
Denial