great share buy back, page-50

Opaline,

I agree. Sorry I couldn't qualify the comment completely at the time (was on a phone, not computer), hence the brevity of what may have come across as a somehwat facetious comment.

I don't dispute the fact that the JORC isn't a complete representation of what will eventually be mined. In fact, it is almost guaranteed the final grades will be outside of what has currently been reported (one way or another).

The overlay for the 'competent person' is also the likely economics of recovering a resource. So until the resource is recovered speculation about the grades being higher is simply that. I also note that said speculation is only to the upside.

I am still somewhat mystified as to why the recovery percentages for the metallurgical work haven't been disclosed (well for copper anyway, cobalt is 85%). 4.37% looks great in isolation, but, unless I am missing something, nobody knows what the original grades were.

JT