RE: 2005 VL at least 1 million ozNice bit of work.
Cant see anything wrong either with the calculations or logic.
Easiest way for the folks to understand these calculations is that everything below 5 gms /ton is in addition to the 359,000 above the 5 gm cut-of.
If you look through the drill assays, it becomes immidiately obvious that the 5 gm cut-off excludes a huge amount of ore.
For example, one of the best intercepts todate is Hole VL-10-211.
It was drilled in the main zone, and returned 2.38 grams per tonne (g/t) gold (Au) over a true width of 38 metres .
A great intercept for any deposit, but just about all of that ore would have been excluded from the 2005 estimate.
And, so on for many of their other drill intersections.
So, I,m with you on this one.
It will come in bigger than 1 million oz.