Yes. Thanks, I was using reserves price as shorthand. A JV...

Yes. Thanks, I was using reserves price as shorthand. A JV partner will look to their geologists to assesse the Reserves against resorce and con version fact or plus Measured indicated and probable.
With that a board would over lay their number re-crunching on how the NPV and IRR comes out compared to other options. Which is the gold standard of comparison. That will show current valuation of around at least quarter of what it should be.

None of that detracts from your key point of being open in several directions.

If someone can't agree on a mutually beneficial outcome the should get what Goering is quoted a shaving said about the RAF pre the battle of Britain. If we can't beat them "we should have our arses kicked (out)"- in German of course. The the key word translates as Arsch.

All IMVHO