Yes NW Man the original resource used $2200 as you say ... the maiden reserve back then was based on $1575 shells and the economics based on a gold price of $1600. Reserve was consequently 375 000 ozs ... less than 40% of the resource.
Which explains the delay perhaps .... where POG is now reserve would be more than 100% of previously announced resource based on $2000. Presumably the PFS work due at end of July was based on $1800 or thereabouts for the reserve ... on current prices the resource could be redone at $2500 or more and the reserve and PFS at maybe $2200. If so all the shells redone and additional resource calculated ....
POG has shot up just as PFS work completed. ... ruined plans ... I can think of worse problems
KIN only one of a few green on a day of red, page-6
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