The stated resources/reserves are pretty bodgy. The amount they...

The stated resources/reserves are pretty bodgy. The amount they have pushed their interp past the extent of drilling (see max extrapolation distance) is unbelievable, especially to call it inferred as well. You also can't find actual Fesability study done with hard results, only a geology report using historic mining numbers.


Their previous deposit report on page 115 says:

"A true indication of the grade distribution in this type of deposit will only be obtained by underground driving on the structures, and this requires the extension of the Central Decline down to 600 metres vertical depth.
The Company is firmly of the opinion that additional drilling would not necessarily guarantee that the confidence limits on grade distribution would be materially improved, due to the known nature of the mineralisation and the known irregular and non-uniform gold grade distribution."

It also says that the data in each hole only reflects 10m radius around that hole due to the variability in the deposit. If you combine that with the below image which the blue and red dots represent Indicated resource (highest confidence) and they are almost 200-300m apart...you have to question how accurate the estimation of gold is.