Did anyone notice on slide 12 the following about the UG reserve ie based on June 24 MRE and UNDER PINNED by PFS - that is the maiden UG reserve will be based on a PFS - one possible interpretation is they will release the reserve at the same time as the PFS (this happened with BGL).
SL only made a verbal comment about the reserve (ie will blow people away) but no verbal comment about the PFS.
Consequently I expect a PFS, maiden ore reserve and an updated MRE all by the end of 2024, then possibly a DFS in the first half of 2025 which will include Pepper - but will the DFS be deferred if they find another Pepper/NN?
Ann: Diggers and Dealers - Corporate Presentation, page-90
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