Havilah's Developing Projects, page-55

"As for the discrepancy in the chart between HAV & RXM, I think it might come down to the use of the word 'reserve'. There is a difference between a reserve and a resource."

IMLTHO this is a much better comparison chart, albeit a couple of years old.

Havilah Resources Limited (HAV), Rex Minerals Limited (RXM) and Altona Mining Limited (AOH) all have low market capitalisation in relation to their measured and indicated copper equivalent resource base, as distinct from reserves,

as shown in the following chart:


Source: HAV's Investor Presentation from 15 November 2015


Hillside
Copper measured and indicated resources reported above have used a 0.2% cut-off grade.

Havilah
Kalkaroo copper measured and indicated resources reported above have used a 0.3% copper equivalent lower cut-off grade.

Reminder, the updated (29 March 2017) Kalkaroo measured, indicated and inferred resource is based on a 0.4% copper equivalent lower cut-off grade. At a 0.2% copper equivalent lower cut-off grade, the Kalkaroo measured, indicated and inferred resource tonnage is more than doubled.

https://hotcopper.com.au/threads/havilahs-developing-projects.3535575/page-45?post_id=27246240

Cheers

These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional expert