you need to listen to what others are saying, there are no plans...

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falcon347

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05/10/23

10:53

Post #: 70184398
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Originally posted by Goodheart: ↑

The following is copied and pasted from a paper by Xstract Mining Consultants in Brisbane. The second paragraph is of special interest.

"The term 'reasonable and realistic prospects for eventual economic extraction'" implies a judgement (albeit preliminary) by the Competent Person in respect of technical and economic factors likely to influence the prospect of economic extraction, including the approximate mining parameters. In other words, a Mineral Resource is not an inventory of all mineralization drilled or sampled, regardless of cut-off grades, likely mining dimensions, location or continuity. It is a realistic inventory of mineralization that, at the time of reporting and under assumed and justifiable technical and economic conditions, might become economically extractable. Portions of a mineral deposit that do not have reasonable and realistic prospects for eventual economic extraction must not be included in a Mineral Resource.Some CPs argue that if these 'approximate mining parameters' are applied when estimating and reporting a Mineral Resource, then this is effectively the same as reporting a Mineral Reserve."

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you need to listen to what others are saying, there are no plans to mine the resources outside the pit design in the main pit, and the other pits are subject to higher IO prices

MGX Price at posting: 45.0¢ Sentiment: Hold Disclosure: Held
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you need to listen to what others are saying, there are no plans...

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you need to listen to what others are saying, there are no plans...

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