Ann: First Hole at South Hope Yields Exciting Copper Intercept, page-17

I imagine that the initial Lakeview JORC compliant resource will mostly be in the inferred or indicated category, not a measured reserve yet, it will be a great start but not exactly at the point where they can send the excavators and builders out there tomorrow, gotta get a granted mining lease first, and nor should they, until they understand what other deposits and where they are in the area, that will dictate where (if any) mill goes and where all the haul roads and mine schedules to feed a mill come from.

The ASX is quite adept at ignoring/discounting the value of resources in the ground, as we well and truly know, the re-rating sometimes dosen't arrive until the first quarter of production for some risk adverse market participants.