More resource is always better of coursebut you are right, doesn't really matter once you have enough for a 20/30+ year project, which we already do. What will matter however is the increased ability to optimise the design and well locations/ponds etc. that more resource will give us which will drive down capex/opex. What ultimately really matters however (when it comes to value) is the project production rate and so if a resource increase ultimately brings comfort/confirmation of taking HMW to a higher production rate than the old 20ktpa PEA assumption then that is HUGE and should drive immediate value and a re-rating imo via the higher NPV project you get as a result....what also really matters in the resource update is the major de-risking of the project via converting indicated resource to measured...I have no idea how much will be converted in this update, but given the numerous pump tests and core data etc. now in hand, one would assume there will be a decent chunk converted?
That said, should this resource update not be a big increase and mainly just convert some indicated to measured, then that is still super positive and we will still have a 40 year multibillion dollar NPV project that is low cost and world class...Galan just so ridiculously undervalued its mind boggling...
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