That article states canncord is suggesting an initial resource of 500-750K ozs. There is no way it is going to be at low as 500K IMO.
Long before EMR was on the scene, Bullseye had a Jorc-2012 resource of 276K ozs. This was stated in the original target statement almost 3 years ago, dec 2021 to be precise.
Bullseye continued to drill some, and then EMR has been drilling a lot since then. Bullseye drilling was relatively shallow, whereas EMR is drilling down to 250-300M and each time on the various prospects they consistently talk about them still being open both in depth and area.
There is no way after all 2+ years of drilling, and going down much further, that EMR is going to increase the resource estimate by only 225K. I have previously heard that a processing plant is only viable for a 1Moz resource, so this is the minimum I would see being announced, and I expect more.
That article states canncord is suggesting an initial resource...
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