HD Reserves Will Increase With Grade Control Currently, HD has 272,000 ounces in its Reserves drawn from just over 340,000 ounces of gold resources including inferred.
Typically, allocation of gold ounces to the three 41-303 categories.....Measued, Indicated and Inferred...is according to drilling density...spacing between drill holes.
Generally, 100 m spacing defines inferred, 50 meters for Indicated and 25 meters and less for Measured.
Reserves are drawn from M &I.
50,000 m of close spaced diamond drilling (15 m centres, 10 m vertically) is currently underway to identify and report vein orientations and grades to the mine planners.
This will convert all Inferred to Reserves.
We also know that 2022 HD drilling showed some modest increase in pit dimensions .
So, it's my conclusion that HD Reserve ounces in the updated FS will increase from 272,000 ounces to about 350,000 ounces.
This will give us an extra year of HD mine life which will @also boost the HD updated NPV5.
Already, Tks to shiftys son, we have identifued over $92 million in operational savings due to the move from Nuggett Pond Mill to Pine Cove, so the Updated HD NPV5 Will increase substantially in the updated FS, perhaps over $400 million at POG of $2500 US.
There is of course 3 satellite discoveries contigous with the HD deposit, including a rather large Area 22.
Unless new drilling is completed in those three areas...which is doubtful..those will await drilling programs funded by production cash flows.
As for my next multi bagger .....do not sell any MAE..it's ARIC at 52 cents.
I am early in my DD, but it looks like a 5-10 bagger.
AIMHO
GLTA