RE:RE:Q4 reportPaths , I agree 1000% that new proven reserves will require a seious amount of drilling. The numbers you quote from Q3 report compute to an average hole length of only 60 metres. To me , this implies that by far the majority of the 2019 drilling was stope definition drilling. As such , probable and inferred tonnages will have been moved into the proven category. AS such there will have been minimal increase in total ounces....... indeed as milled tonnages have failed to confirm the initial grade estimates, an argument can be made that total ounces will have dropped. Also , given the oft stated shortages of available stope inventory, surely all the tonnages and ounces delineated by this 90,000 metres is already thru the mill??? i.e. minimal contribution to restated reserves.
It seems to me that this 30,000 metres of drilling per quarter will be necessary every quarter going forward for denition purposes. In addition to this an unknown amount of exploration drilling will be vital to replace the ounces mined in 2018 /19. since these holes will be typically 200-400 metres long, lets assume another 30,000 metres per quarter is necessary.
At around $100 per metre , thats an additional $3 million for exploration. Im sure Tom Yip is laughing and giggling re the strength in POG, but there seems to be additional impending costs onn the horizon for 2020.