LOM being a division of resources by production is a very elastic number shrinking if production increases untill more resource is discovered . I dont think there is a perfect LOM .
The bottom line , increasing an existing resource size is the Holy Grail for miners and those seeking to use it, size does matter and an aggressive drilling program assisted by new technology is the only way to find it, which is exactly what is happening.
As a comparison PLS has a resource of 309 Mt and CXO 19Mt or 16x larger, so a bit of catching up to do....
Cheers Whisky
Banter and general comments, page-16873
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Mkt cap ! $246.4M | |||
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