Companies set certain targets for reserves.
It is more a financial entry on the books.
Yes if the POG goes below $2,650 for six months.
They will have to do a reserve write down.
I think they made this a cut off for Whitetails and open pit free milling. Not underground sulphide.
Judging by recent drilling results there may be some good reserve upgrades in the future anyway.
Ann: Ore Reserves Update and Feasibility Progress Report, page-19
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