Worth remembering that in july2015 the company revised its exploration target at calibre to between 143-257 million tonnes at a 1 gram cut off and gold 1-1.24g/t and copper .13-.15. Taking a mid point of 200million tonnes and gold eq of 1.3 i get a target for calibre alone of approximately 9 million ounces. About 3 months later rio agreed to jv with azy which suggests to me they can t have disagreed with that target too much. And now all the new calibre trend ip anomalies...
Looking Ahead, page-110
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