I love Hutchinson's quote that the in-house modelling was remarkably accurate:
In-house modelling - 30MT @ 1.9%
Reserve estimate - 28MT @ 0.9%
In-house modelling was off by more than double the reserve estimate & reported to shareholders as same.
Also why are they continued to use the price of $3.20 a pound?
Surely the cap raising can't go ahead.
