Methodical delivery of MRQ results by Management, page-102

Talk of reserve grades is too early.

Obviously if they have enough drilling for an inferred resource they will JORC the whole lot. Doesn't matter if that's 3-4% across the whole resource body.

Reserve drilling will be focused on the best subsection. To date the high grade drills have been undercover of lower grade ore which means you're still likely to see reserve grade of 5%ish or a higher grade but higher strip ratio. Depends what level of THM is economic for this deposit.

All they need to be honest is a 2x1km zone with 50m intersections and that's 180Mt which supports 10-15 year LOM at high grades.

To date they haven't hit that. If/when they do then it will change the narrative and price along with it. Plenty here willing to speculate that it will happen and should be rewarded if it does. Will definitely be money waiting on sidelines willing to take less of a return for a more sure outcome.