With regard to the PFS, yes it remains to be seen what can be converted to reserves, but considering the infill program was just that, infill, and confidence can be improved with further infill drilling, we can be confident that the reserves will be substantial. The pit optimisation will not have to change much if at all with the present information. This is at this stage without drilling outside the known resource which has open mineralisation or if any satellite mineralisation come into the picture so potentially there can be upsides.
Punters beware of the possibility that the cut off grade may be lowered from 30g/t for optimization reasons.
IVR Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held
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