I'd take Corgi and Shikapat comments with a LARGE grain of salt!
1) @Corgi claiming that you should consider in-pit resources in the upcoming MRE to be "reserves" is completely wrong.
Reserves can only be classified using Measured/Indicated resources, and a fair chunk if not the majority of resources in the upcoming MRE will be Inferred. Also, reserves will only be classified during a feasibility study after taking into account all economic/mining inputs.
2) @shikapat comment that "the cost per Oz to pull it out of the ground may be as low a $600-700 an Oz".
Again, this can only be determined during a feasibility study. Comparing to established mines with very different resource/mining characteristics and pulling a lowest quartile cost out of the air because it sounds impressive without any supporting information is worthless.
Cheers
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