RE:RE:RE:RE:PEA is out now.The updated RE could well show an increase in resources of approaching 1 mil ounces. A quick look at the figures on the NR suggests that around 75% of the Triangle resource can be mined economically. This means that we could assume the RE will give us around 700k extra ozs on top of the 1.3mil in the newly released PEA. That is an increase of more than 50%.
The Sigma study/RE update will also add some ounces (much fewer than Triangle update), but these could be mined cheaply and will add to early years production.
Looking at No. 4 plug in the PEA, it looks like they are ignoring the tension veins. They were mentioned as a footnote in the Nov. RE. They could be very cheap to mine and there was around 300k ounces IIRC. I'd like to know why they were not included.
Personally bit disappointed with headline numbers but will look at full PEA. Only Triangle, Parallel and some of No. 4 plug included so less gold produced than what I hoped for. This figures will be improved very easily in next study. Not expecting jump in SP now, but will stay invested for long term.