I was just making the point that with grade declines we should expect that there is a greater percentage decline in reserves as any blocks right on the edge of being economic are lost. The increase in the gold price will work against this decline - which one wins is hard to know.
I would be most worried about a major downgrade in the reserves by a new CP who is more conservative than Shawn. We know the underground is nuggety and a different CP may come to a very different conclusion as to the size of the reserves.
At this point this is all speculation and all will be revealed before DCN is trading again. I hope for everyone invested that the review is good as I don't want to see anyone lose money.
DCN Price at posting:
52.5¢ Sentiment: None Disclosure: Not Held