Well Joe you caused me to review the JORC code and then to compare BML's JORC with other similar mining projects.
First of all it appears to me that BML is still a very viable project since silver is a benefit to the basic lead production.
If we take only the Measured and Indicated figures then the silver production is reduced by 45% and naturally the AISC will go up.
However BML always had the lowest AISC compared to its peers so even if it doubles (I think it would be less, about 25%) it is still lower than most.
All other PB/AG miners that I checked on (G!A, IVR etc.) include 'inferred' in their JORCs. And yes I have noted that G1A is producing but not profitably yet. However BML does have the advantage (Like IVR) of being open cut.
Keep doing your research. Very useful.
Ann: Funding Agreement with Acuity Capital, page-62
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