My figures match up. What doesn't match is the gold. 38.9MT x 0.12g/t only comes to 150K ounces. Not sure how ARD come to this figure. I used a calculator to make sure that my Excel formula incorrect to verify. There may be a slight variance in silver equivalent ounces due to the various commodity prices being used. I use spot and all other companies use variations of prices. Once MMA publish their scoping study prices, I will lock those prices in for all stocks on the spreadsheet including exchange rates.
Ann: Strong Maronan Resource Review and Maiden Indicated Resource, page-30
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