I think there has been no attempt made now or in the past misrepresent the fact that MLX has a lower proportion of reserves to resources then other major miners. The very fact you point it out from the presentation shows it's out there. If you think it's a problem don't buy it short it or make pithy (I think I spelled that right) comment. However, the last bits of you comment are representative of someone with an axe to grind.
In general terms of converting resources to reserves. Usually with extra delineation drilling the grade of the resource generated rises and the amount of ore thus delineated falls.
The fund managers have approached MLX to generate a another diversified gold company that aspires to be a major. What you see is part of the process. In terms of 'giving you comfort', I don't think that's either possible or desirable.
MLX Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
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