Hi Flip, we do already have reserves defined. Are you saying...

Hi Flip, we do already have reserves defined.

Are you saying they haven't been defined with adequate drilling? That ARL has short cut it's ore reserve definition?

I think it's a fair safe bet that you could change the cut off grade used to define this ore reserve (copied below) of 40Mt @ .09 Co / .82 Ni in order to get the tonnage required for the 2.25 Mt throughout considered at scoping level. Changing cut off grade to increase reserevs is a method practiced by our peers I believe. This does not require more drilling.

Do you disagree?

Do you also believe AUZ has a better orebody, despite such low cut off grades being used (.4-.45 Ni eq with the nickel price set 50% higher than the .8% ARL cut off grade) ? I'd be interested in how you prosecute that argument.

AUZ cut off grade would seem to imply it needs a Nickel price 50% higher than ARL, to make mining enough low grade ore viable, to justify its desired throughout