BAGHOLDERS!!!
as an example, equinox gold often uses 0.5g/t cutoff grade....their gold price assumption is 1200 or 1350 depending on a mine....recovery rate is at 90-95%.... the formula is: gold price= (blah blah blah)/(cut off x recovery x blah blah bla) here is the funny part...segovia recovery rate is already at 85%....reducing the cut off as part of denominator from 2.9g/t to 0.5g/t will drive the gold price to 1600 x 2.9/0.5=9280 dolla while recovery rate would improve by only 10%.....9280x0.85/0.95=$8300 for reserves to rise to 750k oz...hahahahaha u bagholders are so fackin dumb