The BoD did brilliantly well in securing rights to such a large...

The BoD did brilliantly well in securing rights to such a large acreage in the Paterson but their handling of some other issues leaves a lot to be desired in my opinion.

Take this scoping study which seems to have sent the SP rolling along downhill.

Bad enough that they ignored a billion dollars worth of copper and cobalt but they also model production from7mt of low grade ore that simply isn’t there, at least it is not identifiable in the MRE.

There are over 7mtonnesof ore mined in years 6-8, with a gold grade of about 0.7g/t. Given that the cut off grade for underground mining was said to be 1.5 g/t, and the shallow ore cut off was 0.5 g/t, it seems reasonable to conclude that this is the low grade shallow ore?

But why was this not produced in the early years, and in any case where is it in the MRE?

This amount of ore (7mt)at such low grades does not appear in the MRE published in May 2022. See table2 on page 11, for a detailed breakdown of ores, grades and cut-off points

Anybody have any insights on this?