Ten Bag$ from here?, page-194

Hi waterman.

Its a pleasant surprise to read a mature and non fervent post from a holder, instead of insults and expletives.

With regard to the numbers you've quoted, this refers to Measured, Indicated and Inferred categories per their presentation a couple of days ago.



But according to Australasian JORC code, its only "Ore Reserve" categories of Proven and Probable that can be used to determine the economic viability of the mine per the extract from their Diggers presentation from August (below). That's not to say the Estimate above can't translate into higher Ore Reserve at a later time, but not for the purposes of calculating mine viability and therefore financing.



I might be wrong in my interpretation. If I am, why do you think, given the compelling resource estimate, financiers have backed off or delayed that specific milestone?