Study on track for June, page-9

I have been holding for the last year, I have looked at all the recent drilling. I would be surprised if we see more than 100-150koz additional ounces. I will admit it if I am wrong. There were a few hits below the $2,500 pit shell for Theia that probably drop into a $3k pit shell. Hestia, Eos, Iris might add a few for similar reasoning. And maybe 20koz at Kamperman.

I know what the process of moving them up the confidence interval is - it's pretty much what I implied.

The order of magnitude conversation was moving Kamperman into the PFS. The plan was to displace low grade ore in year 3 and 4 with higher grade ore as that has an obvious improvement on the SS.

New mine sequence could look vastly different now though given the fact we are likely adding 400-500koz to the production profile for PFS.

He has already said they will likely reassess MXR drilling and restate resource (if required) based on applying same pit shell methodology to it as Mandilla. There is at least 150-200koz there that are higher grade than Mandilla and look very pittable that likely end up in the DFS.

As for the whole reserve thing how is what you said different? PFS considers all modifying factors and determines ounces are economic to produce. Therefore ounces that fall into M+I in the PFS will go into reserves? These things are often published together for a reason.