Hey mate, thanks for all the great work. Also I understand that you use very conservative estimates which is great, but what’s the average ratio of resource to reserves? I’ll be honest I’m no geologist so it’s very likely that I’m wrong but losing 40% of your resource when converting it seems a little excessive to me.
NVA fair value target $0.59 to $0.83 for 5 Moz to 7 Moz, page-71
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