Your ignorance is showing through Wezeley.
A reserve is good, BUT if you have your reserve 100% quantified without additional available resource, That's it, there is no more.
With Ardea we have massive reserves, we also have massive additional resources that have not yet been converted into JORK reserve.
That means that Ardea has the additional inground metals ready for JORK quantification when we need them. We choose the timing.
Ardea's resources are so large that there is no point in converting it all to reserve at this stage. Its called financial prudence.
WE ALREADY HAVE ENOUGH FOR 25 YEARS, at much higher grades than your QLD peer.
SIZE REALLY DOES MATTER, so does grade.
RED
Your ignorance is showing through Wezeley.A reserve is good, BUT...
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