I completely missed this in my analysis before, can someone correct me if I'm wrong, but isn't the tonnage here more than Atlas + Boonanarring? Is there just risk in getting these resources into reserves in time? The rule of thumb is 0.6 conversion rate right, or am I being too optimistic with this particular type of deposit, has anyone done the maths on what the conversion rates were on the previous deposits? I suppose maybe the conversion will be lower with the drop in cut-off grade if prices also fall.
I don't understand the concerns about mine life at all if this deposit is available.
IMA Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
