Exactly right.
You can have a geological resource of 11 mill oz which at the same time amounts to an economic resource of 0 oz.
Lihir made a big mistake with the Ballarat mine and looks like Lion which is not even a miner anyway, and which does not have the same expertise as Lihir, may have likewise made their mistake here ?
Time will tell.
Lion has a spread of gold companies, so is probably banking on some being winners and accepting some will be losers ?
placement, page-20
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