RE:M&I&IFrom the 43-101 Technical Report, dated 01 August 2013 (adding up column including Carla)
Total M&I is 462k oz.
Inferred is 1.441m oz
From Q3 MDA Resource estimate dated as of December 31, 2015
Total M&I is 428k oz.
Inferred is 1.298m oz
(fine print says "Derived from the NI 43-101 Technical Report on a Mineral Resource Estimate on the Segovia and Carla Operations, Department of Antioquia, Colombia, dated September 2013, prepared by SRK and updated for production to December 31, 2015 by Ben Parsons, an independent Qualified Person under NI 43-101, of SRK")
M&I didn't drop much at all after 2+ years of mining. Most of the mining came from a drop in inferred.