You said "for clarity. the 47Y mine life is based on proved and probable reserves of 94mT. Then there's a further 100mT+ in the inferred category.
Essentially means with more drilling, assessment etc the inferred category can boost the reserve categories and increase your economics. my initial comment was that KDR could have continue to drill and push more resources into higher geological confidence levels. this would have increased the mine life".
It's not true that KDR had more resource to explore at Earl Grey deposit. They have explored it all around and found 189mt resource. That's it. (It was only open to depth below 350m but they don't have a plan to explore it for U/G mining by a reason. Most probably the deposit type is not suitable for U/G mining).
However KV project has got a lot to explore all around as it's still open to NW & NE at shallow depth (open pit) and open to depth toward SW for deep U/G mining.
"For clarity" as you said, KDR's resources and reserves tables say that you have the wrong information about the resources and reserves of KDR, it leads you making wrong assumptions by saying that KDR could keep drilling and prove more resources at Earl grey deposit.
According to KDR reserve table for Earl Grey deposit no inferred category. Here is their latest table on Feb. 8 2019. You can see that the total of Proven & Probable reserves is 94mt, yes you are right on that but no 100mt inferred category there.
Inferred category is in resources but not in reserves. It's only 17mt. The total of resources is 189mt.
If there is another table released by KDR supporting your claim please provide it by the date of anns. Then I will apologize.
LTR Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
(20min delay)
