Typically conservative RRL, not spending money on OTT extensive drilling to expand the resource, relying on drilling in the future when the hole is dug to make it cheaper. What they have done here is to dig a few more holes, sure up the reserve and patiently wait or should I say mine. These guys know how to prioritize cash for the important things.
34% expansion on an asset they bought back in September means that on an annualised basis - they are already up north of 50% on their investment, and as I said before, further expansion of the asset is not over yet.
Ann: Ben Hur Maiden Ore Reserve Within Updated Mineral Resource, page-3
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