re: Ann: LCY: Mt Bevan Iron Ore Project Maide... I own a few oppies and am considering buying some HAW shares but have been a little perplexed with the SP after what appeared to be a good result, which although of course has been affected by the still falling overall market.
Can anyone explain the implications of this info contained in the appendix of the ann? The reports sound encouraging but does anyone think its possible they could do an EXM type re-rating on this JORC?
"Estimate was estimated with a low level of confidence and commensurate with an Inferred Mineral Resource category as recommended by the Aust Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2004). SRK is of the opinion that further exploration related work is required to upgrade the resource to a category associated with a reasonable or high level of confidence"
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