I'm going to challenge you on thisThe resource estimate and 3D...

I'm going to challenge you on this

• The resource estimate and 3D modelling data has been progressively updated by cube consulting throughout the entire campaign
• The MRE can be produced at anytime, it's simply a data output from the Block Model based on available data.
• The reason the MRE has been pushed out to June is based on the significant scale increase, hence the raise to accelerate drilling
• This is effectively the final raise leading to the DFS/BFS
• The last conservative model estimate from @123david321 has Ternerna at just under 2Moz.
• Assuming the MRE will only factor drills up to the start of may, that is up to another 96 drills (circa 30,000m) of drilling. Essentially, the entire phase 1 & 2 drilling campaign. I strongly believe the target MRE will be in excess of 3Moz at a minimum.
• We can acquire another 10%, taking ownership up to 80% by project payment of $50Kusd
• It doesn't matter what the SP is, infact, it's actually better if it's higher, we can negotiate the acquisition of the final 20% through full/part share based payment