hmmm..
It you take out McPhil, RRL has about 4 years of reserves for Moolart.
I do like that management have sort of admitted, that they have dropped the ball in regards to exploration and reserves growth. They got too comfortable a few years back and just did not undertake the sort of exploration that the likes of RMS/SAR have done.
I have no idea what the 'market' will make of their reduction in reserves...
Ann: Resources and Reserves Statement and Organic Growth Update, page-2
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