This announcement tells us several very important things which should helpwith confidence:
a) They have stopped drilling and thus can stop looking for data and are well into analysing it.
b) They have firmed up the qty range to set expectations. Won't be much greater than 2 billion tonnes in this JORC but won't be less than 1.8 billion either. Big upgrade whereever is comes within that range.
c) JORC could be at any time within the next 3 months but no excuses for further delays.
d) They will now be more actively working on infrastructure items which to derisk the project.
Very exciting milestone.
EER Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
