that's just a statistical confidence/probability calculation applied to drilling results. All derived from JORC 2012. Not sure if i understand your question. Are you suggesting MM8 has reported higher reserves? i don't remember how old the chart above is but it could be outdated by 6months or so.
Btw i didn't buy into MM8. Great project and team and there are 100s of reasons to buy. Unfortunately i found 3 reasons not to buy: (1) Open pitable resources look to be fully exploited (2) Something about the CEO puts me off. I won't get into detail as its really subjective. (3) The detail on drilling widths, mineral orientation and the way its all its presented is highly suspect. And hence unfavorable.
Anyway its clearly a massive UG resource and a great junior in so many ways. I am just not convinced on the economics and delivery of value to shareholders.
Still 3rd best gold junior on the ASX by my accounts!
MM8 Price at posting:
9.7¢ Sentiment: None Disclosure: Not Held
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