RE:RE:MRE UpdateIt is an excellent interim resource indeed.
Very low strip ratio with 350k Oz of easy and cheap saprolite gold in M&I. Assuming production at 80k/year, that's enough for the first four years. With the expected low cost of mining, the company will be able to generate enough cash to pay for the shift to hard rock, with cash to spare.
But we know there is more - potentially a lot more -, both in saprolite and hard rock.
I think we can confidently expect the main resource in H2 to exceed 2m ounces, the majority of which in M & I and possibly over 500k in saprolite.
The story is only getting better and it’s only a matter of time until the market wakes up to reality.
In addition, I'm much more confident that the team has cracked the geological nature of the property. If one looks at the results of drilling carried out after the completion of the Airborne Geophysics (May 2019), there hasn't been a poor release.
Congratulations to the team and keep up with the good work.