These guys have been very conservative from the start.
They haven't made any outlandish claims.
we started at 60,000 oz p.a. and now because the financiers like 100,000oz p.a. we have increased. That's over 60%.
I wouldn't be surprised if the deep section of Withnell
gets us to 2m oz alone.
I also wouldn't be surprised if we are closer to 3m oz than 2m by the end of the year.
I think the cost of finding the further oz is going to be in the $10-$15 oz range. That would change things a lot.
2m oz not including conglomerate will be huge especially if the grade at the deeper level is higher.
My limited understanding says 100,000 oz p.a. at 1.6gpt can become 140,000 pretty easily if some 4-6 gpt is chucked in and both the conglomerate and deeper stuff looks to be in this range.
I much prefer the under promise over deliver method as it establishes trust and a better long term share price
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