Go and read up on the concept of RPEEE in the 2012 JORC code. A resource can only be defined as such if it has reasonable prospects of eventual economic extraction. Key word is economic. All the most recent quarterlies indicate lack of economy. Technically speaking, FFS does not even have a resource, let alone a reserve.
Very low grade with a very old plant. Not a good mix and one that is demonstrated, unfortunately, by the liberal burning of all our cash.
I don't seem much hope here I'm afraid. Happy to be proven wrong - any day of the week.
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