that stands ...
... how about cost movement in that period? ... plenty of examples of capex, opex increases outweighing metal price rises ...
... doesn't hold true for all projects but until its assessed, its unknown ... economic viability can only occur once Indicated (or better) resources are attained ... and then reserves are estimated ...
... quoting in-ground "value" is meaningless to a potential buyer ... until economic viability can be demonstrated, off-take agreements are not very likely ...
... hence my comment on NAG being an ocean away from where they need to be for off-take agreements to be on offer ...
Ann: Quarterly Activities Report, page-14
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