About drill results. Cerrado's latest drilling results demonstrate, once again, that mineralized resources are found at significant depths. Despite the good gold grades encountered, it is difficult to obtain interesting operating margins in this context. For Cerrado, the stripping ratio is the metric that must be followed scrupulously.
Cerrado's current model is to process high-grade gold ore in a small plant, rather than low-grade gold in a large plant. Consequently, I doubt that Cerrado will be able to maintain its current level of production, once the exploitation of the richest zones is finalized. At least, if there is no change...
Good luck for the future.