"The NN ore body seems a lot more straightforward than the BGL deposits and I assume easier to mine. Does that imply a lot of the indicated resource will be converted to a reserve? Anyone with comments?"
Yes NN looks more straightforward , maybe easier to mine , but BGL having many separate UG orebodies not just one means they are not tonnage production constrained as can mine many stopes concurrently .
My understanding is mining over 100 meters in depth of an ore body is around the maximum a year that can be mined without development costs going up per tonne of rock removed - 100 meters of depth would require around 800 meters of drive to be built guessing that would take 4 months in perfect conditions . Then drives /levels also need to be developed
That is also why the supplementary ore sources are so much needed outside of NN .
Doubt BML has much incentive to convert more Indicated resource into a reserve as they do not need to show banks more reserve ounces as are already financed . Providing the area to be drilled looks high grade , Better to do leave infill drilling once they are in levels as shorter distance drill holes can be done .
Also maybe BML is not wanting to scrape its cash barrel to low , as indicated by them needing to get ore toll treated before onsite processing
As to OVM , like you were stating it seems to be wider along strike the deeper it goes , so would imply all things being equal OVM is increasing , but are the drill intercepts still averaging the same widths (with are likely orientated perpendicular to the strike ) and so so not shown in that wider strike ?
Just my two cents from my arm chair and not a mining professional .
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