RE:Golden Arrow Chairman’s Message to Shareholders Among other things, GRG is not currently getting any (of the 25%) credit for this part yet:
Residual Production Potential at Pirquitas
It should be noted that there are Indicated Mineral Resources of 45.0M ounces of silver at an average grade of 108.6 g/t, 13.2M ounces of silver at an average grade of 224.1 g/t at Pirquitas Underground and 9.2M ounces of silver in stockpiles at an average grade of 118.1 g/t as at December 31, 2016.