Hi Ducky,
MRE upgrade definitely not reported apart from some drill intersections.
Note also the recent drilling at Spit Fire and the step out hole at Kavanagh . The upgrade to the MRE may well include more than the north and south hubs.
Adding the North and South Hubs and Spitfire to the mine plan and dropping the cut off grade could see the plant running at full capacity with a substantial increase in annual cash flow.
I imagine the plant will ramp up to 40% capacity in the first six months of 2024 and the cash generated used to develop the north and south hubs. Hopefully the plant will be running full early in 2025 and the board will adopt a distribution policy that retains enough to keep building the resources but returns the lions share to shareholders.
NB
* The north and south hubs add a lot of extra stope width to the mine planto support an increase in throughput .
* The current MRE cuts off kavanagh at 0.6% and nugent at 0.7%
* Dropping the cut off grade from 0.6% to 0.4% as the Cu price rises increases the resource tonnage by 55% and the contained copper by 19%
