Value Proposition, page-17

Hey brother, it just means average.. Prob should have written it Av..

There were 2 or 3 ways to split your resource classifications and one was simply to average M, 1 & IF..

***** now appear to have done away with splitting Inferred, indicated and measured and just offer an IG value of $45, for Sth America..

At this stage it's all best guess gear so set the values where ever you feel comfortable allowing for any perceived additional risk..

But as you can see by tying the IG value to the floating POG value you can apply a discount factor a lot easier to any modelling I feel.. Plus I tend to over estimate going the other way so this keeps me in check..

If my entry or average is below the moving value whenever you carry out the exercise then hopefully there is a base floor underneath you by way of assigned value you if things do go pearshaped, which has happened before, Doh!.. 8H