RE:Upcoming resource estimateIn the Annual Meeting presentation at 23:20 (Slide 9) Geoff says they have the draft of the updated 43-101 and hope to publish it in the next couple of weeks. We could see it next week but I prefer post the Holidays in the first or second week of January.
Slide 9 shows a comparison of the May 2019 Block model versus July 2022. We don't know the overall size scale but there is a tremendous amount of infilling in the newer Block model. Grades are averaging around 8.5 gpt.
I'd say the new resource estimate could double their resources to 800,000 ounces now, my guess is a minimum of 600,000 ounces will be reported. If we were talking 1 - 2 gpt grades, you wouldn't expect a whole lot of increase in resources but we're talking exceptionally good grades of about 1/4 ounce per ton at Cordero.
The new resource estimate 600,000 ounces + should just take Soma from a screaming buy to an absolute must have stock. One of its biggest warts is a small number of Gold resources in the ground. It could easily get Aris Mining's attention to gobble up the Company before the market notices.