Who is buying?, page-14

Hey Lifeadventures,
Please listen to the Q&A that Rick23 posted. It will give some insight into why there is such a discrepancy between the 1/2P reserves announced yesterday and the initial resource estimate in 2019.

The over-estimation is closer to 20-30% (i.e. 2C) given there is still considerable scope to convert the resources estimated by Strike into actual reserves. Also read Alexeii's excellent post that explains how conservative reserves certifiers need to be (alway erring on the side of caution), because 1/2P reserves are essentially bankable assets. SN was very open in explaining the discrepancies. This is also why Macquarie only reduced their price target from 60 to 50 cents. This is great news for both WGO and STX.

I suppose my overall point is, don't get too swept up in the hysteria of some WGO shareholders about the actual shortfall in resources/reserves versus original expectations.