The 174mt @ 60% was the recently announced increased MRE, noting...

The 174mt @ 60% was the recently announced increased MRE, noting that the increase was possible due to using a cut off of 57.5% based on a smaller scale operation.
(Quarterly is really just reiterating what was ann'd in scoping study)
The PFS is the next major milestone and that involves further drilling and analysis and drill results are anticipated to be released mid 2024.
The real issue in the quarterly is our cash position!
We had $4.1m at end December and the company expects to have the same level of net operating expenses (Q 8.8 - 1.) which means we have insufficient capital for a full quarter.
Comments indicate they will either raise funds or reduce evaluation activities (however do not indicate how much it will cost to finalise the PFS).
Clearly they need to keep moving so I would expect a CR is imminent.
Unfortunately our published npv's etc haven't warmed the hearts of the market so looks like another raise at these types of SP levels and will be very annoying if another large discount.
If they intend to reduce evaluation activities it would suggest (to me) that end game may be trying to flush out a buyer!!
Guess it will all become clearer soon.............