Modeling is not done in-house. I think most of the modeling done was not conservative enough except for OC which reflected the spotty nature of that deposit and with Smarts u/g being way too conservative, top-cut and cut-off.
That was the correct decision because some initial maiden reserve was needed to justify going underground with all the other stuff following, but pretty much worthless for evaluating the project.
Not even all the drill data - very limited anyway - have been incorporated in the model.
Barrick will know what they have on their plate. A project that might move the needle even on Barrick valuation. Not sure it will mean any benefit to us unfortunately.
Come on, triangulated area between MKSZ, Omai corridor and SHSZ, right between where Omai corridor and SHSZ split and up to where SHSZ and MKSZ nearly join again, right next to South America's former largest producing mine. If that is not fertile ground then what is?
TRY Price at posting:
3.7¢ Sentiment: None Disclosure: Held
