a percentage of your resources are economic reserves at a certain commodity price - and as price rises some of the lower cut off comes into economic.
but it also there may be differences for Jorc 2004 => 2012, don’t know - maybe what’s in each category inferred indicated measured criteria I would assume .
bottom line is there seems plenty of simple gravity circuit resources based on Jorc 2004 = no Cyanide leach circuit = low capex =. Cash cow .
they may want to get a few drills out to beef up resource and category? Strike extensions / infill drilling ?
a lot to like at this cap
PUA Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
