Yes it did but so did mine, If people read the JORC code they will understand the following. Inferred does not generate an economic reserve (It is not bankable), the intensity level of drilling and confidence level is low. Indicated can be converted to probable reserve based on confidence and the economics of the day. A measured resources with a high drilling density and confidence will convert to a probable or proven economic reserve but again only based on the ecoomics of the day.
The point i was making was that generally not all of the indicated resource will be economic so to convert 100% of the indicated resource into a recoverable mine reserve would be erroneous. Opinion only.
TTY Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
