RE:RE:RE:RE:RE:RE:RE:RE:The year ahead.The Tettra tech report is 2014, so is not the most current numbers, also it includes the west zone that will not be mined until much later. I was referring to the December 2016 news release which included the dated but still the most recent reserve statement. All mining to date has been inside of the VOK proven reserves zone, so it's just a matter of adding 2018 and 2017 mined production 1,055,208 + 552,205 to get 1,607,400 tonnes mined to date. Subtracting form 3.3M tonnes leaves 1.7M tonnes remaining.
I don't think mining will ever be done from the probable reserves. First additional drilling will be done to convert the probable to proven. Then mining can occur in the new proven reserves. According to Troy at IR, the company is now drilling to the north of the main VOK zone, with the objective of converting probable to proven. So one knows the drilling will lead to more proven reserves, as they already have good results from the area, just needs higher drill density.
One concern I have is that investors will read the report in April and think that the proven reserves have dropped too much, it will have to be explained the company needed to buy back their stream so had to put definition drilling on hold last year. Increasing the proven reserves is only a question of spending money on drilling, not on searching for a place to drill.
p.s. I finally agree with the short sellers on something. Seeing them buying 1.5 million shares per week in first half of February is a solid vote of confidence from them, downright bullish from those once bearish. What took them so long to figure it out. There is a lot of economic low cost of production gold there, and most people would see that as being a good thing...