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11:42
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Originally posted by paulgf:
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The thing to remember with today's announcement is it includes a lot of the lower grade results from the breccia zone. There was view this zone might not be mineralised at all but it has turned out to contain quite a bit of valuable mineral. That has been added in to the headline number, helping to lift the volume but lower the grade. That's a huge plus for the long run mine of life and npv valuation but the market has interpreted it as a negative I think.
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pek and tanzanian govt has worked together and resolved the mess on the first half of this year, restructured the board with Ex-FMG founders，now ready to go. Note that LIN's resources are all Inferred，not indicated and measured，not to mention reserves. Meanwhile, people here are talking about production
(20min delay)