Ann: Minyari Dome Project Gold Resource Increases 250% to 1.8 Moz, page-74

@TambourineMan
The elevation of a point relative to the Mean Sea Level AHD (Australian height datum) is called the reduced level (RL). This means it can be negative (minus) or positive. It is sometimes called relative level. For details call a surveyor or cartographer.

The announcement today was good enough for a significant re-rate and maybe it will come in the coming days. The amount of potential to grow the project resources considerably at depth and in new extensions along strike and width is massive. We still don't know how big this system is. What will another campaign of drilling increase the resource to if drilling to 1000+m is undertaken and down plunge directions are drilled? How much can be added at Minyari South and other new discoveries? What lurks at Judes?

As I have said before this is worth a lot to Newcrest, previously I thought $4-500 million. Now that figure would be a bargain. Ludicrous that the market cap is still way below that and a takeover at $300 million would likely succeed.