The main assumption imo behind those numbers is the historical estimate itself and how these have been estimated. Is it based on drilling, under ground sampling or more of a thumb suck. Also they mention open pit potential of the shallow halo mineralisation, is that all easy sulphide or is it more complex.
Case of finding the best few M tonnes of high grade to start up and expand from there. Would surprise me if further projects in the same area were not added in the short term given management cred and comments.
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