Actually I rather like Ambrian's estimates. Their current estimate of 250 for Z1+2 matches my own analysis. They have extended that into the future, estimating 300+ next year and maybe up to 400+ over (I guess) the life of the mine. This is closer to guess work than analysis, but within the realms of the possible, especially given the increase in finds within Z1+2 as drilling proceeds. We are seeing great results each month.
I haven't extended into the future as they have; rather I have just used drilling results as they stand right now. That is more conservative, which I like. However, Ambrian's report seems to be pretty robust and (with a heavy dose of caution) I would be cautiously supportive of the general trend that they estimate.
Doesn't much matter which way you slice it; this is a HUGE resource.
EXT Price at posting:
$6.22 Sentiment: Buy Disclosure: Held
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