Hi guys I think the big significant part of the announcement is...

Hi guys I think the big significant part of the announcement is the amount of the resource that moved from the inferred category to the indicated category.

I think that when the resource is in the inferred category you cannot count it as part of the resource or ore reserve but now Republic has gone from a potential ore reserve of around 670,000oz to 990,000ozs. A huge increase of close to 50%.

As far as making the mine a viable high class mine with proven resource well that has certainly done it in my humble opinion.

That may also attract or increase the interest in RAU as well

Re the cut off grades being 0.4 of an oz that is normal practice I think you will find as cb25 pointed out as you have to dig the pit and whatever gold you can extract is a bonus. If my memory is correct they have also found some at 228 g/t as well.

Hoges in Darwin