Ann: 5EA Updates Technical Report Summary - Releases 3rd Q Result, page-38

So what. Of course Inferred can be upgraded to Indicated and then Measured ... by further drilling at a minimum. That not an issue. What I said was Inferred can not be converted to Reserves (Probable or Proven). If you need to get Debt, then Reserves is what you need ... and an Inferred Resource will get tossed in the bin. No reflection on the project ... just needs more time in the pressure cooker to see if it can compete for capital against other projects.

Capital flows to the highest return for the least risk first.
Does this updated report, as delivered (with +/- 50% accuracy after all this time), make you feel this is project that is going to be funded and deliver a high return to equity shareholders?