everybody round the table , page-3

ok.. I dont really get it either.

We know that they have 72MT @ 23% P205 JORC'd. This was confirmed when RIO did their exploration back in 2000 - 2002.

So how did they come up with the 1.95BT @ 14.4% P205?

This is from their March quarterly.

The resource estimate of 1.95 billion tonnes (Bt) at 14.4% P2O5 for the northern part of the mineralisation within the project area compares favourably with the other Australian phosphate projects, namely the producing Phosphate Hill project, owned by Incitec Pivot, and the D Tree/Lady Annie areas owned by a US listed company.

Has there been any drilling to establish this so called 'resource estimate'?



and this



In their amended announcement the other day before they went into a trading halt, this is the differences between the two announcements.

Announcement 1

contains a JORC-compliant Inferred Resource estimate of 1.95 billion tonnes

Amended announcement

contains a JORC-compliant inferred estimate of 1.95 billion tonnes

SO i'm guessing that they cant use the work 'Resource' when they are provided details on any in ground numbers unless it is JORC compliant!

I want to know how they estimated the 1.95BT @ 14.4 P205? It might be a simply answer one of the loyal followers can tell me.

thanks in advance.

Cheers
Kevi