An inferred resource is an educated guess, yes.
MAN tested with a bailer, the well wasn’t even open to clastic zones, it wasn’t even flowing to achieve a stable reading.
Then I can only assume they’ll extrapolate that figure over the area, without any drilling or swabbing, adding in clastic thickness and porosity.
Highly assumptive in nature, hence why the mining companies cannot associate any monetary value until proven.
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