Greater than 4000 oz not a surprise
Congrats to everyone who held shares and bought more at discount prices. Management played it right by consistently stating they expected 4000 oz, which left room for the larger upside surprise and made Strathcona`s error look even larger.
The fact that they came up with more than 4000 oz should not have been news to anyone paying attention though. The 4000 oz total came from the model, which predicted a high grade zone, but definitely did not predict a rich vein like Cleopatra. Cleopatra was only found during the actual mining of the bulk sample, so once its bonanza grade ore was incorporated in the bulk sample, obviously the total oz had to be greater than 4000 oz. If they had only found 4000 oz including the Cleopatra ore, it would have shown the model's block gold grades to be too high.