The JORC regulations were introduced to mitigate hear say and opinion when making the decision to invest or not to invest.
JORC regulations state that only a "competent person" may determine the mineral resource.
JORC regulations state that only the portion that is economic to mine can be included in the resource statement.
JORC regulations state that the competent person cannot simply transfer prior year's resource to the following year's statement . . . rather, JORC regulations state that the competent person must re-access the resource each year to see if it is still economic to mine. JORC regulations state that if a portion of the resource becomes uneconomic to mine then the competent person must remove that portion from the resource statement.
In order to increase profitabilty, Peter Kerr has already stated in a public presentation that he is considering blending the ore from the satellites with the ore from main pit.
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