Reserves & Resources - CommentsI've read the news release and I'd like to hear other peoples on the update.
1) Grades increased on reserved but ounces have fallen. They didn't replace reserves with all their drilling
2) Grade increased on resorurces and theri was a modest increase in ounces.
I'm surprised that their wasn't more gold ounces in the report. The production was very low in 2022... So the ounces taken out of the ground were minimal. We have big drilling budgets at both properties. Mining was curtailed at both properties but drilling has progressed largely to plan. Why are the results minor at best?
Why did the market embrace the stock this morning? I was expecting the price to fall.