"Analyses of 12 drill holes with significant intersections at the northern part of the CDEF deposit had not been received prior to the completion of the March 2019 MRE. Combined with the 2019 drill program infill results, it is expected that a significant portion of the current Inferred Resource at the northern part of the CDEF deposit may be convertible to Indicated Resource"
There's 3.19m tonnes in the F deposit alone that were mainly in the inferred category and could push up into the indicated category for inclusion in the next resource upgrade statement in Sept. Easy to see how the indicated resource will grow substantially and push that NPV north. Another 3m tonnes would be a 30% bigger deposit. Just from F-pit. Now the zinc could also come into play.
Well done to anyone taking profits yesterday but only the brave would call this a sell.
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