Ann: AGM Chairman's Presentation, page-52

what you’re referring to are economic reserves.

these are a sub set of resources.

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