Ann: Potential for Underground, page-133

It's a good point and Richard does point out the fact that discoveries evolve and grow over time. I guess it will take a few years to really know Lake Roe's potential true size. Tropicana was discovered in 2005, but it took years to get to the 8mill oz JORC and only started production in 2012/13 from memory?

It's a huge operation in a remote location and was discovered at a time when the price of gold was a lot lower. So development took some time.

BRB has the advantage of great location, a high POG environment and options around development that should allow the company to retain 100% ownership if they want to. I.e they won't need $500mill capex like GOR's Gryuere.