EXPM:HRTFF - Post by User
Post by
actionguyon Jan 22, 2019 6:46pm
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Post# 29267466
rollon...page 17...low hanging fruit
rollon...page 17...low hanging fruitRollon....remember the "low hanging fruit" from the previous resource estimate? heres the explanation from the companies management discussion and analysis of march 31-2018. Convert Additional PEA Mineral Resource Into Mine Plan Much of the Inferred Mineral Resources were excluded from the PEA mine plan due to wide drill spacing resulting in lower grades. Infill drilling underway in these areas and could add an additional +500,000 Au ounces currently not factored into the mine plan Increase mineable resource Target: Add +500,000 ounces to mine plan. ..So,i believe these 534,000 ozs are the low hanging fruit . However,I believe they had already included the low hanging fruit into the resource estimate last year. So now,its making it appear the low hanging fruit has been included twice. Research67 found the discrepancy in the PEA i think it was,in which the company showed the actually resources were roughly 950k ozs ,but they included the low hanging fruit to make it appear to come in at the 1.5 million resource update. So,i gotta believe this 534 ozs displayed on page 17 is the fruit...again....