Just to clarify, I didn't mean the resource update was bad news....

Just to clarify, I didn't mean the resource update was bad news. I'm just trying to better understand why it is trading at such a low EV/tonne of reserves. So the Sulphide ore that they are looking to access in the future requires leaching and hence more expensive? I don't have any background in gold processing so trying to get my head around it.

Can see that it's a thinly traded stock, and today's price action was probably a sell the news event, I'm sure there were some holders trapped at higher levels waiting for this to be released to exit their positions.