Sydney Your comment:"3, VR8’s resources is quite good, but it...

Sydney
Your comment:

"3, VR8’s resources is quite good, but it just downgraded average grade to 0.7% and doesn’t mentioned previous large amount higher grade resources at @ 1.23% any more this is quite strange!"

Why is it so strange to you?
No need for them to necessarily mention the whole breakdown of calculations again of the amounts between .45% to 1.23% ranges, when in the end, the average is the relevant amount to be mined out (I would think)

The average grade for the first 7 years is in the .84% to .76% range.
Whilst the overall average between the two studies went down from .77% to .70%, over the 25 year estimate, Sound Mining don't consider that to be a material issue, it was only the initial scoping study. Bear in mind the tonnage of the proven resource also went up considerably.



The metrics of the mine are still outstanding, no matter how you want to look at it.
The SP is a beast controlled by the market, not the prospect of it being a successful mine.