Resources includes reserves so the difference is approx 525koz....

Resources includes reserves so the difference is approx 525koz. Multiply that by 0.9 & we get an additional 472koz, for a total of approx 900koz, or 7.5 years at 120koz.

Another good thing from the announcement is the fact they think the M1 & M2 are possibly combined in the lower levels. That means higher grades, lower costs, and more gold being processed per year.

And let's not forget, they should actually be adding to resources as they go, while some of the current resources get converted to reserves. How long this can continue is of course anyone's guess, but I'm happy with the latest press release. It certainly paints a better picture than the quarterly.