Question ?We know the next announcement between July 12 -20 will upgrade the inferred resource for only the main Malartic deposit to measured and indicated. In other words the majority of the 8.4 million ounce resource that was announced previously as inferred will be upgraded to the next level (M& I) so that it can be included in the feasibility study. This is done based on the infill drilling that occurred on the main Malartic deposit.
Will the announcement also upgrade the overall total inferred resource at Osisko based on drilling at South Barnat and Jeffery? One can anticipate that the Barnat zone should have at least a couple of million ounces. I realize that the South Barnat won't be included in the measured and indicated resource till later this year but am hoping that the next announcement will at least have drilling for South Barnat in the inferred category. Makes a big difference if they announce next week 8.4 million as the measured and indicated resource or if they say we have 8.4 million in the measured and indicated plus 2.5 million in the inferred category for a total of 10.9 million ounces.
Any thoughts?