"They reduced the cut-off grade by 40ppm (i.e. increasing size of resource)
And then reducing this by 0.75 to be conservative."
LOL.
They reduced the ppm from the radiometric results to be conservative, thus giving them a lower total resource.
Not sure why they've then applied a factor of 0.85 to reduce it even further, but hey, they're the experts.
Just trying to be extra conservative, so they don't overestimate the resource I suppose.
broker target upgrade to 5.43 strong buy, page-36
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