I understand they need to combine both to attempt an acceptable...

I understand they need to combine both to attempt an acceptable JORC resource as grades and tonnage at present are not feasible. Also I think Placements often does not go down well at hefty discounts and of course dilution of existing holder. QML not the only ones in the same boat. Mining is a touch drawn out existence often lasting a decade or 2 to either make it or not. Well over 90% never go to production and just hope someone else will take them over. lifestyle jobs were a bit part of the last few decades with hi salaries but it's tough times for investors so cash is hard to by. still as always hoping with persistence it pays off for current shareholders.