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Ann: Ternera Mineral Resource increased by 66% to 1.1Moz, page-44

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  1. 2,562 Posts.
    lightbulb Created with Sketch. 1829

    we actually really want them to hit the next perf rights miletone.

    It'd mean that we'd have defined 2Moz at 1g/t au +

    When the prospectus was written they basically gave themselves only a 15% probability of hitting it. The performance rights on on Class C are a 2/5 fraction of Class B issue!

    So we all should be praying to GOD they hit it!

    It'll mean we'll have a resource that is large enough to declare 1.3-1.5Moz of Ore Reserves & an open pit mine that is able to produce 130koz-150koz p.a. x 10yrs avg.

    I think we're a good shot at getting there. The targets are very easy. Immediate Targets!

    https://hotcopper.com.au/data/attachments/4367/4367519-9670f9db3f2e84a60249709bc63c350f.jpg


    Last edited by Corgi: 23/05/22
 
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