RE:RE:Withholding of Material Information Here is the email from IR I received in April 2023. As you can see, she confidently stated, ‘which would potentially result in an open pit reserve of 4M oz.’
Fast forward to December 2023, Richard Young, during an interview with Antonio that’s available on YouTube, stated, ‘we believe ultimately we can convert about 2 million of the 3 million ounces of gold that sit within that pit outside of the current Reserve envelope.’
Since April 2023, the company has been indicating that they were planning to convert approximately 2 million resource ounces to reserve ounces.
By April 2023, they had gathered enough information to send me an email suggesting that the program could convert 2 million resource ounces to reserve ounces.
As I mentioned earlier, the CEO reiterated this claim during an interview in December 2023.
It’s puzzling that in April 2023, they had sufficient information to suggest a potential increase in the reserve by 2 million ounces, but a year later, they are claiming to have no material information to present?
What happened to the material information that led both IR and the CEO to suggest that Magino’s reserve could potentially increase by 2 million ounces?
