RE:RE:RE:RE:RE:RE:news!Very good and correct observation FreeGold1.
Could it be that combining :
1. They are mining out of inferred as said in latest pr
2. Had a few very good holes reported in the 2018 drilling compaign (pr jun, okt, feb19) with very high grades hit.
3. Also while providencia being the feeder of high grades, reserves actually in size and gradings versus the dec17
Concluding that GCM is hitting (and mining) much higher grades than the current reserve/resource basis indicates.
Hence explaining the "urgency" of management to fast track drilling and exploration.
FreeGold1 wrote:
Bizarrely the grades of the Inferred Resources that are being mined appear to be HIGHER than the P+P resources.
Simple math will tell you that if the Resources are under 12gpt and your are reporting production at 17gpt+, that increase in grade has to come from someplace.
Why are analysts not asking the company about this?