Ann: Trading Halt, page-6

It will be interesting to see how they factor the Springdale resource into the SS.

The resource has not been updated since prior to the float, and was stated as being revised in Q2, which is now.

A revised, and much larger MRE, should increase the processed tonnage you'd expect and ultimately the economics of the project, so it does look a tad early for the SS.

Having said that, maybe the SS only assumes imported (or 3rd party) concentrate. If it is only 3rd party, I can understand why the SS comes before the MRE. So I'd be looking for clarity around transition from 3rd party to Springdale to alleviate any confusion about that aspect.

To me it looks like there are 3 different strains to IG6, which all look independent of one another, which doesn't come across too well for me.

I like IG6 a lot, but it seems a little off in its delivery.