MorningJust spoke to Rob about the announcement and he advised...

Morning

Just spoke to Rob about the announcement and he advised that some of the existing resource was reduced as it wasn't economical (Northern section of the BOD resource) and there were some sections that were already included in the existing resource...Talked predominately about ensuring the new JORC was all about increasing the grade and noting that it was all close to surface, which is amenable to open pit mining...

My take on this is that they wanted all potential suitors to understand that this is a high grade resource, close to surface, easy to mine, great metallurgy and there is heaps of potential to increase the resource...

I think someone is picking up a heap of cheap shares today to increase there holding in a company that has a high margin gold resource with huge potential..

Just my ramblings...DYOR

Cheers
Matt