Roch2077 wrote: "You do understand the resource will be...

Roch2077 wrote:

"You do understand the resource will be significantly larger than this yeh"

But announcment by the company indicates they will be "contingent"

"Invictus progressing work program to quantify Contingent Resources"

The term "contingent" has a specific meaning in the industry.


The key statement for me was from Scott himself:

“There remains significant upside for Invictus to build on the Mukuyu discovery and convert prospective resources in undrilled fault blocks in the Mukuyu field into contingent resources, laying the pathway to mature the reserves through further drilling".

Particularly his statements about "prospective resources in undrilled fault blocks" and "further drilling"

No mention of bringing on production in the near term to generate cashflow to fund that drilling!