Basically what has happened is the updated resource represents a 55 per cent increase in overall tonnage to 3.73 million tonnes at 0.51pc combined tungsten and molybdenum compared with 2.4m tonnes at combined grade of 0.8pc previously, with a substantial tonnage upgraded to the measured and indicated categories.
The tonnage is too large and has disappointed the Tungsten evaluators whole the grade has decreased from 0.8 to 0.51.
Plus, The indicated 2.4mt at 0.39% and 0.17pc respectively is a 37pc increase, and the inferred 800,000t at 0.15pc and 0.1pc is more than three times higher than the previous resource, however, currently the grades are lookedupon by the industry as not being feasible. They'll need to boost the moly somehow
Just my opinion.
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