DCN 0.00% 28.5¢ dacian gold limited

Ann: Greater Westralia Mining Area - Mineral Resource Update, page-7

  1. 1,806 Posts.
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    Perhaps you have included Jupiter O/P and U/G mine to reach the 60% cut in resources?

    The latest resource figure of 935Koz does not include the Jupiter O/P and U/G resources. Based on Dec 2020 figures of the mentioned 7 sites, the total resources figure was 1,074Koz. This represents a reduction of 13% (935/1074= 87%) i.e. due to big reduction in Morgan North and Phoenix Ridge resources.

    Yes this is more realistic figure. I wonder who was the one that create this hugely inflated resource figure to suck in investors????

    Cheers.
    Last edited by Greenflint: 11/05/21
 
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