Ann: Updated Presentation & retraction of broker coverage, page-60

Well, believe it or not, with recent results showing high grade across good width, Ternera is showing some promise after all. The current SP is reasonable for the present level of resource (if it can be mined profitably, of course) and so any decent upgrade with the next MRE will support an improved SP. I wouldn't get carried away though. A Hemi or Gruyere it is not, and watch out in case it turns into a DCN or GCY, or even an OBM.
@Chalkyballs thinks he has a tiger by the tail and we all know what tigers can do with a ball or two.