RE: Thought on today's news..."- The Homestake Ridge deposits are more amenable to undergroundmining than open pit.
- The cut-off grade should be increased toreflect an underground mining scenario. Scott Wilson RPA recommends thatthe cut-off grade be 3.0 g/t Aueq. "
This is the news that could've been leaked as far back as last year. There was a reason they didn't release the update last year, and this seems to be it. They relized it's not open-pit, and there grades had to go way up.
I got out a while ago, but it's nice when you finally figure out the backstory....