rip roarer, page-31

woollydog - they bought a big resource, but the key statistic is the fact that there is no reserve, i.e. no economic ore to mine. It was always going to close, that's why Harmony sold it. MON will be doing well to bring production back on in 18 months.
Resources are a geological estimate of ounces in the ground. Reserves are defined by economic factors applied to those ounces. If you've got a million ounce resource that will cost $1500/oz to mine, by definition you've got zero reserves at today's gold price.