I think most retail investors will not see the significance of this Ann. In a nutshell Increased certainty = Increased co valuation.
With this upgrade the Co as taken a large step up the certainty/value ladder. I don't expect the mums and dads to really get it. However it is a key metric for the big end of town. they use it when doing peer comparisons and in their valuation calcs. In Essence AVZ has leapfrogged the pack with a 41% increase in Proved and Probable which is also very high grade. The big end of down may not react instantly to the news as they will assess in the next few days to their calcs and then act.
This also tells me the updated DFS is very near ...prob days away now not weeks.
Well done mgmt... keep inching forward here.
A no brainer ? A massive high grade resource combined with the massive world Lithium deficit expected will inevitably = Massive Company re-rate and valuation.
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Ann: JORC Ore Reserves increase at Roche Dure, page-90
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