The economic term is "Ceterus Parabus", It means to assess the impact of one variable, you hold all others constant. In this case, FND have held all values constant whilst they assess the impact of increased ore grades and recoveries on the economics of this project.
Nothing wrong with their methodology and it is far from misleading.
How it pans out is anyone's guess but you can be assured the project is more robust and valuable than it was yesterday.
FND Price at posting:
23.8¢ Sentiment: Buy Disclosure: Held
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