Seems like people didn't really get the last quarterly report....

Seems like people didn't really get the last quarterly report.

When they drilled out the reserve, they were in a rush and just wanted to get over the line for financing approval.

This meant the north south trending high grade mineralisation (which is distinct and different from the existing mineralisation in the reserve) was not modelled or even really included at all.

If you look at the schematic of the smarts pitta 60 RL in the quarterly (page 5) you can see there is a huge amount of mineralised material which was excluded from the block model. Whilst this is theoretically just a near surface effect, the different nature of the mineralisation (narrow veins) suggests otherwise.

To me it looks like the existing orebody is very much larger and higher grade than previously defined.

Given the already very low costs, the implications of this are very material. Potentially the true total mineralisation is double that stated and at a much higher grade, so total ozs are some multiple of the existing resource / reserve.