Ann: Mestre Assays Show Further Bonanza Grades Up To 185g/t, page-87

I just want to address this sentence, as the answer is very easily found in the Operations Update announcement on 18/12/2017:-

"In hindsight, OGX’s new management team believes it has been a combination of excessive dilution during mining together with low recoveries from its imported gravity recovery plant that has continued to struggle to recover the fine grade gold component of the ore. Credit here must go to our Mining Manager at Cascavel Mr Richard Crew who started running trials to test different theories to try and find a solution. It appears that he and his team may have found an answer to the problem with gold recoveries at Cascavel. The Company is delighted to promote Mr Crew to COO and to also place him on an incentive package, based on key milestones that form part of the Company’s new performance rights scheme. As part of our 'Back to Basics' approach management is returning to more traditional routes to mill its ore. Tests between the dates of 21/11/17 and 13/12/17 through a small 200kg per hour pilot hammer mill have shown that recovery and grade can dramatically improve when it is not sent to the gravity recovery plant. To date this small hammer mill is achieving recoveries of over 90% and grades ranging between 30-149 grams per tonne of gold (Dore) from eleven one tonne samples taken from eleven different parts of the mine reef as detailed in Table 1."

There's no need to "make the interpretation" that the hammer mill is radically better than the gravity mill - OGX have said so in black & white. If you choose to raise an eyebrow & disbelieve them, well that's your prerogative of course.

Only actual production figures will prove it one way or the other, but to me the tell is in the management now taking renumeration in shares rather than cash, with said shares becoming available when production targets are hit. If they were spinning us a load of BS, they wouldn't put their own income on the line like that.