You beat me to it SC. I was going to suggest that you flag this as a mistake to PH. May be you can even provide them with your estimate and workings?
Below is the prediction we made about GS resource.
NAME TONNAGE UNIT GRADE DATE PREDICTED 1 2 3 Noor444 10 KT 4.50% (23 Sep 2021 @ 11.27) + (24 Sep @ 10.43) 4 Sentry Box 14 KT 4.10% (23 Sep 2021 @ 13.45) + (24 Sep @11.01) 5 Sircorp 21 KT 6.00% (24 Sep 2021 @ 12.07) 6 Tomboy 23 KT 6.30% (23 Sep 2021 @ 13.43) 7 8
Unfortunately, I win.
My estimate was actually 7.5kt but I rounded it to 10kt as at the time, TB and you were talking of 40kt. My estimate was grade 6 level maths, i.e volume x grade x density. PH's slip of the tongue on Monday has been confirmed today. Some people would argue that he did not know then. I would argue that he already knew.
However, it is still good news. 6kt in our hands is better than 6kt in our dreams. Plenty of nickel to be found and the team is hard at work to find it. Meanwhile, these high grades extend our LOM and enable us to blend with low grade ore. We spent a few millions to find $70M PROFIT (i.e revenue - cost). I consider this to be a fantastic return even though I would have preferred your estimate of 21kt to come true. This is still a positive outcome for our fill the mill strategy.
Please let me know PH's response to your estimate when you have discussed it with him.
Thanks
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