sam0408 The problem is what Northington state is in the SRK report is quite simply not there. The whole issue came up when NZO shareholders went back to the SRK report to try and understand the 5% calculation and couldn't find any reference to it anywhere.
The correct ratings for the three elements making up chance of commercial success for Ironbark at this point in time will presumably be:
Play 1.00, Geological 0.25, Commercial 1.00 = .25 or 25%.
Commercial will be one based on potential size of the prospect and nearby downstream infrastructure needing new sources of feedstock around 2024. Play & Geological are in the SRK report.
sam0408 The problem is what Northington state is in the SRK...
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