The announcement was in breach of the ASX listing rules and JORC code as such they had to put in a retraction. You are not permitted to make estimates about cash flow / projected profits etc without a Reseve. With the new JORC code you are not permitted to make any of these predictions unless you have a pre feasibility study (PFS) or a definitive feasabilty study (DFS)
Ann: Clarification re 05 June Announcement , page-14
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