help with interpreting a FVL table | CutOff Au g/t | Classification | Au g/t | Tonnes | Ounces |
| OXIDE | | | | |
| 1.00 | Indicated | 1.73 | 4,745,000 | 265,000 |
| 1.00 | Inferred | 1.77 | 127,000 | 7,000 |
| 0.75 | Indicated | 1.35 | 8,430,000 | 366,000 |
| 0.75 | Inferred | 1.17 | 359,000 | 14,000 |
| 0.50 | Indicated | 0.97 | 17,324,000 | 541,000 |
| 0.50 | Inferred | 0.84 | 919,000 | 25,000 |
| 0.40 | Indicated | 0.81 | 24,758,000 | 647,000 |
| 0.40 | Inferred | 0.72 | 1,322,000 | 31,000 |
| 0.15 | Indicated | 0.49 | 59,414,000 | 937,000 |
| 0.15 | Inferred | 0.45 | 3,252,000 | 47,000 |
| PRIMARY | | | | |
| 1.00 | Indicated | 2.07 | 99,704,000 | 6,628,000 |
| 1.00 | Inferred | 2.01 | 82,640,000 | 5,352,000 |
| 0.75 | Indicated | 1.55 | 174,604,000 | 8,694,000 |
| 0.75 | Inferred | 1.49 | 151,918,000 | 7,271,000 |
| 0.50 | Indicated | 1.08 | 346,304,000 | 12,050,000 |
| 0.50 | Inferred | 1.04 | 308,311,000 | 10,306,000 |
| 0.40 | Indicated | 0.92 | 461,582,000 | 13,711,000 |
| 0.40 | Inferred | 0.88 | 426,343,000 | 12,003,000 |
| 0.15 | Indicated | 0.66 | 778,574,000 | 16,609,000 |
| 0.15 | Inferred | 0.62 | 752,540,000 | 14,960,000 |
| UNDER PIT | | | | |
| 1.00 | Indicated | 1.89 | 1,193,000 | 73,000 |
| 1.00 | Inferred | 1.82 | 11,605,000 | 677,000 |
| 0.75 | Indicated | 1.29 | 2,867,000 | 119,000 |
| 0.75 | Inferred | 1.34 | 22,900,000 | 986,000 |
| 0.50 | Indicated | 0.84 | 7,958,000 | 216,000 |
| 0.50 | Inferred | 0.87 | 61,179,000 | 1,720,000 |
| 0.40 | Indicated | 0.66 | 14,765,000 | 313,000 |
| 0.40 | Inferred | 0.71 | 100,288,000 | 2,282,000 |
| 0.15 | Indicated | 0.35 | 64,264,000 | 720,000 |
| 0.15 | Inferred | 0.41 | 290,423,000 | 3,826,000 |
In the news report, they used around $1900 price per ounce and cut off at 0.5g per ounce in the ore per tonne.
My question is hypothetical, but if for example the price per au jumped $10000 an ounce.
would the total indicated resource reserve be the sum total of all the lines in the table listed as indicated? As the cut off could likely drop at a ratio of 4x seeing as the price increased around 4x?
So the total resource indicated at higher prices is actually like 50-60 million ounces?
I got that number by adding all those indicated amount of ounces up in those three tables above.
Please advise.. Thanks and GLTA