Kiniero Project Mineral Reserves The mineral reserves of 803,000 ounces were determined from a common representation model, which is the 43-101 technical report of category PFS (pre-feasibility study). This representation is subject to a methodology that includes many rules (43-101) and these rules are intended to facilitate the comparison of projects on a common basis. This common basis was established based on the similarities observed in a MAJORITY of projects. For those projects that correspond to the majority, the 43-101 is always a good comparison tool. For atypical projects, in particular those dealing with low-grade gold ores, the rules associated with the calculation of resources are particularly discriminatory. Investors able to make this nuance are one step ahead of all others because the future is here. Gold companies which, like Robex, derive their profitability from volume rather than grade, will be best suited to cope with the scarcity of discoveries of deposits with gold grades corresponding to the norm.
Considering the expertise acquired by the exploitation of the Nampala project, we can conclude that the PFS of Kiniero presents only a fraction of the exploitable mineral reserves and that the estimate of the profitability of the project is out of step with the estimates of the PFS.
It's up to us to take advantage of it.