If there was no increase in resource there is already 90 million tonnes as far as understand.
At 90 million tonnes it would be economical I presume.
If it is economical at 90 million what would be or should be the SP and why isn't it closer to that price rather than 10 to 13 cents.
How much of a price difference is there between indicated and resource grade for any stock?
If it was 150 to 200 would they build a bigger operation.
I'm just trying to understand the excitment.
If someone like FMG annouce an increase in resource of 50% aren't they just priced on volume they ship out and small increase in SP on the increase in reseve.
If YRR was viable at 90 million tonnes and it had a minelife of 10 to 15 years how much would an extra 5 years be worth.
Thanks for intellegent answers .No ramps please
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