Hey Kippy, yep, the current MRE is around 55k, but... as you show, they also had planned to re-estimate the MRE to enable it to be brought into the mine plan... yet clearly this has either occurred, but not been released, or it was not finished....?
In either case, clearly it is the highest grade open pit they have near the plant with a high amount of indicated in it (I think 350kt should see the plant filled for a year, with Scotia at full run rate of approx 450kt, Star/Ok at 250kt - with some Green Lant/Scotia open pit approx 400kt). Giving a rough total of 1.4mt.
Then they plan to mine Gladstone. Though by then they will hopefully have a 3rd U/G operation going, with a 4th in development, so the need for open pits will become much less. I also wonder if when they mine the Slippers, it could enable them to put in a a new U/G portal to access the Main Lode.
Hopefully Paul and the team read these threads and think on how they can better inform the market of the sort of grades to expect from Slippers and Gladstone. I mean, the pits are all priced at $2000k... AUD. That is now quite conservative.
Good luck to all patient holders, I know a lot would still be well underwater
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