I'm wrong but I'm RIGHT...When you compare the 2019 resource to the 2021 resource here is why they got to there 3,000,000 ounces...they reduced the cut off grade to get to there goal from 3.5 gpt to 2.6 gpt...but market doesn't like the low cut off and narrow veins of 1.2 meters...all equales ore dilution and increased minning cost
The difference for Gladiator is 127,000 just for 2019 and Barry is 300,000 ounces and that's not including the newly added open pit for 165,000 ounces ...also this doesn't include the new ounces that were just drilled and added with these low cut off grades...the proof is in the pudding...therefore just that in itself brings me to my 2.7 million prediction as not to many investors like a 2.6 gpt cut off grade for a narrow mine low gade outfit...we need 8 drills at Gladiator at the 9 gpt scenario ..glta
Notes:
- 2019 MREs are estimated using gold cut-off grades of 3.0 g/t at Moroy and 3.5 g/t at Gladiator and Barry.
- 2019 MREs do not include the Bachelor Mine or crown pillars at either Moroy and Gladiator and do not consider an open pit mining scenario at Barry.
- 2021 MREs are estimated using gold cut-off grades of 1.0 g/t and 2.60 g/t for open pit and underground, respectively.
- 2019 MREs and 2021 MREs are estimated using long-term gold prices of US$1,300 per oz, and US$1,600 per oz, respectively. Both the 2019 and 2021 MREs use a US$/C$ exchange rate of 0.75.
- Numbers may not add due to rounding.
included is the 2019 resource and cut off grade layout...do your own DD ...don't count on others
https://btrgold.com/2019/05/28/mineral-resource-estimates-for-gold-deposits-in-the-urban-barry-camp/