Hi @Wonkers. I agree, if they could achieve at least 1 Tscf of reserves in the coals we would be over the moon. Looking back at the latest reports, the company has so far reported prospective resources amounting to 3.6 Tscf in the coals. Generally, we like to think it is possible to convert 80% to contingent resources, and if 10% of that is converted to reserves, it would give 0.288 Tscf of reserves. So, having 1 Tscf reserves would require about 14.4 Tscf as prospective resources for the Grandis coals.
Interestingly, 14 Tscf rings a bell regarding the volume reported for Nomgon.
Ann: Daydream-2 Operations Update, page-52
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