Member Info for Suzy2

'Such as we' should have read such as we have done....not to say of course that we are not a resource because we are. Lol..freudian slip.

When you think that LKAB with all its financial muscle had misread it's future resource and having moved a town suddenly announced that the level of ore it thought was there was only there is a small part. Which makes me think that for a small junior miner to have proved up an inferred and indicated resource such as we it's quite an achievement.

Bother!! Sorry about the double post, it didn't appear at first and I was a bit too anxious to correct my use of the work proved. Lol.

Wotitsworth...I've used proved in the wrong sense...the terms of measurement are inferred, indicated and proved. Proved isn't the working standard though because mines are never proved all at once. An example in the RNS is that LKAB has been working for 100 years, finding as they go along. The 14 year mine life is based on the indicated figure but the company believes there is at lease 25 years potential with the other licences and KS already has an exploration target but I can't quote it off hand.

To be absolutely correct...it means indicated and potential; the terms used are inferred, indicated, proved...but in practice mines 'prove' in due course they don't prove it all at once, the example given in the RNS is LKAB which has been working for over a hundred years , finding as they go along. There is an exploration target at Kallak South but I can't quote offhand what it is. The 14 year mine life is based on the facts of the indicated amount but the Company believes the mine life could be at least 25 years.

Interesting to see that work on the Berg****en licence is still being considered...wondered what had happened there.

"Big ambitions" Good, hope we can achieve some of them.

Thanks Sven Otto Littorin.

152mt is proved and the 250 mt is potential.

Yes, back in the day these analyses could push the stock price up 25%...remember Gruvgunnar, personally I ignore them. Just trust your own judgement.

Xeno...even a small child could grasp it...providing their Swedish. :-)

Hello Alan...glad you're back, we're going to have some fun this year hopefully. :-)

(page 2)

When the issues are raised at the meeting, they have already been dealt with, which means that discussions are seldom held on how the government should decide. With around 10,000 government decisions a year, that would be an impossible task. Very extensive or fundamentally important issues are discussed jointly by the government at special meetings, so-called general preparations.

Dispatch
When the government has made a decision, it is sent to the person who took the initiative in the matter and to others who are affected by the decision.

Archiving
When the case is closed, the documents in the case are archived in the Ministry's archives. Anyone who has questions regarding the government's decision should in the first instance contact the registrar's office at each ministry. After five years, the documents are transferred to the Government Offices' archives. Older documents have been submitted to the National Archives."

https://www.regeringen.se/sa-styrs-sverige/sa-arbetar-regeringen-och-regeringskansliet/regeringsarende/

Much obliged to you Wonder 2.

This is interesting:

"Government matter
When the government decides on a government matter, it is the end product of a long and thorough preparation process within the Government Offices.

What is a government matter?
Government matters are matters that the government decides on. The cases that the government must or may try are stated in the form of government, which is one of the constitutions. The Government may not decide on matters on which the Riksdag has the exclusive right to make decisions, such as legislative matters and the state budget. The government must also not decide issues that are to be tried by a court, or decide how another authority is to use its powers in an individual case.

Examples of government cases:

Ordinances with instructions on what an authority should do and what rules it should follow,
Examination of certain appeals against authorities' decisions and
appointments of senior public servants such as ambassadors, governors, directors general of state authorities, boards of state-owned companies and rectors of universities and colleges.

Government meeting - decisions in the matter
Government decisions are made at the government meeting, which is usually held on Thursdays. Prior to the meeting, the matter is put on a case list with other matters to be taken up. When the government has made a decision, it is notified to the parties concerned.

Weekly report
Before the government decides the matter, the administrator, head of unit or head of operations reports the matter to the responsible government minister at a so-called weekly report that is held every week before the government meeting. Most cases are decided in practice during this preparation.

List of cases
Before the government meeting , each ministry draws up a list of which matters the ministers will take up for decision at this week's meeting. The agenda is published in the afternoon the day before a government meeting, ie normally every Wednesday afternoon.

The fact that a matter is included in the list does not always mean that it will be finalized at the government meeting. It also happens that matters that are not on the list are still dealt with at a government meeting. Secret cases are never included in the list of cases.

Government meeting
At the government meeting, the government makes its decisions. Government decisions are usually made by the government as a collective, where at least five ministers must be present for the government to have a quorum. The Prime Minister prefers his or her own affairs, and is replaced by another Minister if he or she is unable to attend the meeting.

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Hello Eric....first crescent should be up tomorrow if it isn't too cloudy...you can make a wish. Trago Mills...when will I go again...new wellies would be good. ;-) NN xx

Lol. It's so beautiful in the woods now after all that rain, just absolutely magic...have a good weekend all.

Nighty Night x

I obviously like a different style from you 3card, polish leaves me cold...he was nervous to begin with but genuine enthusiasm got the upper hand and you can't beat that.

Hello...tell us, did you see your shadow when you popped out?

Thanks chaps...I'll have a go. ;-)

Eric...I don't know how to do that...move it along and I had to sit through the whole of it last night before BEM came on. Anyway, I'll watch it again soon as they post it. Goody. Morny noony. x

Less hasty, more speedy. Just chill Roller1...all good things come to those who wait.

PS And wait and wait. Lol.

I think that's a very proper sentiment Nick...whatever you decide to do. Loyal, long term supporters of the company deserve a bit of respect. GL with it luck whatever you do.