Because of the complexity of mining at KI it is difficult to come up with a mine plan that encompasses anything more than a few years at a time.
Peter stated yesterday that mining KI is complicated and that in the 17 years MGX has had KI the LOM has never exceeded 5 years.
The terms LOM, ore reserve and mine plan are closely linked. There are JORC related articles that state that in many cases the difference between resource and reserve comes down to whether or not it's on the mine plan.
The complex nature of mining at KI, especially after BHP took the easy pickings, has transpired into mine plans of shorter periods of a few years, as well as mine plans that are adaptable and flexible.
MGX Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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