A while ago I gave some beer coaster calculations, but within this attached post gave the actual formula for calculating a resource. I moved on from this formula to what I have previously said but using this formula in this contained post it is quite easy to get to a inferred resource of greater than 1 billion tonnes (given the depths we saw with some of the drill bits). The real question in a JORC framework is how much of the resource moves to the indicated and measured resource which is what my post was about, and I expect that to be significantly more than PLS. IMO, but I think we agree this resource is huge.
Post #: 26518689
AVZ Price at posting:
22.5¢ Sentiment: None Disclosure: Held
