They report the drill results, as CCZ have been doing - it’s material information for the market. They won’t calculate an estimate of resource in if there’s nothing there though.
Generally you’d think not with weak results either - why would you bother calculating a resource with no economic prospect? However a resource statement is a marketing tool to raise money so there’s that driver to put something out and maybe capitalise on market opportunities. This year, with copper approaching record highs, we’ll see a bunch of statements released for projects that won’t get up. Just like we did with gold last year. Ozbucheron, who is a pro I believe, is of the opinion our Cangai JoRC is that sort of document.
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