I don't know if the JMEI is better than declaring a JORC resource. I recon you get 27% tax benefit from the JMEI scheme (i was in one with MEU 5 or more years ago but can't remember the specifics). I wonder if we had had JORC announcements instead after every successfull round of drilling AT (9 in a row) it could have driven our share price up way beyond what it is now so way less dilition than we have had to date and much easier to raise more capital.
I also wonder why you would be doing all the mine plans metallurgical tests etc without a JORC as it is the JORC that tells you it is worth doing the other tests to see if it is fesable, profitable, payback time etc. Why are we doing it backwards, obviuosly the Doc knows the JORC and is not telling us.
WHY???
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I don't know if the JMEI is better than declaring a JORC...
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