RE:RE:RE:RE:RE:RE:The year ahead.Another point to mention is April recalculation has to go through the 43-101 delays, and so will not be able to include new quantities form the current drilling. So for the April update one should be expecting some reduction in tonnes as well as grade.
The reason the grade is lower than original is because the assays are now seen to have been extended a little too far into the rock away from the drill intersection. With 11.9 having been obtained when 14.5 was expected, that is 0.82, so farther than it could have been. One can't pick it clearly as both the grade and distances had uncertainty. If the distances are pulled back 10 or 10+ % that would maintain a higher grade, but pull the tonnes down about 10%. However, the lower grades are still economic especially at 3800 tpd, so the lower grade extention of the curve would still be economic and so adding to tonnes.
The proven category should be noticeably changed. Originally 3.3m tonnes was proven, 1.6m has been mined, leaving 1.7m remaining, maybe somewhat less if distances are held in tighter. That will increase with current drilling, but not in time for the April report. It may be that when the April results are released, there will be enough results from the Q1 drilling, that some news from the current drilling can be released about the same time, it would not need the 43-101 delay so that may happen (?).
The market will be more concerned about the grade than the tonnes. The update would be higher than the guidance, since there is no need for a safety buffer as guidance numbers seem to need.