RE:RE:RE:RE:RE:RE:Fun with numbersSpence4 wrote: For my revised mineral reserve guestimation, all I did was take the 2016 mineral reserve estimate of 511k oz. and multiple it by 1.16 x 1.33 x 1.33, which represents my guestimate of the combined compounding effect of a higher gold recovery from the redesigned plant, a 33% increase in average grade and a 33% increase in economic ore tonnage available to be mined, which results in 511 x 2.05 = 1.05MM oz. I then applied a discount factor of 20% for the sake of conservatism. Results in an 840k ounce au revised reserve.
My math included some conjecture variables that are not worth posting as it would be impossible for me to represent it as an alignment to facts, but it's something I do and once this resouce estimate becomes press, I may no longer use my variables and methodology.
On the brigher side, the price is moving very nicely today. The last couple news releases have been after market as opposed to pre-market. I suspect it will be tomorrow and guessing after market we will have knowledge of how big the reserve actually is :)