Category We now have "Measured" resources and almost no "Inferred" Resources. To me that is a huge difference from where we were. Well worth the wait, if that was the benefit of the extra work done in recent months.
I thought Measured more or less equaled Reserves, but clearly not based on this document. Perhaps next step takes it further down the line with more robust economic modelling and whatnot.
JMO, but seems like nice conservative estimating with the 10% discount rate. As we get assurances and pass the milestones, I would expect that can come down, at least in the expectations of future investors.
I like that they are used the same "decarbonization" angle that that 5e Advanced Materials marketing has taken. No need to reinvent the wheel there. I thought they'd touch on the arsenic free or very low angle, but maybe that's for future promotion.
It's great they were able to mention the fact we can drill out for more boron in the future. It won't be just 16 years, that's just to get us off and running.
Hopefully the crew has been doing a lot of the "interpreting" and converting to the Serbian version of this baby.
I'm certainly still a buyer. Seeing "Measured" will mean some new people will be able to come play now.
Nice work management. Keep doing this and everyone is happy. Just rachet up the speed a bit and all good. Nice report though. Job well done.