Am I reading this correctly?
The 43 101 posts this formula for cut off grade in the estimate:
Operating costs per ore tonne = ($75 + $12+ $5) = $92/tonne
[($92)/[($1,350/oz/31.1035 x 95% Recovery)] = 2.23gpt Use 2.2 gpt
Where $1,350 is the price for gold. If you sub in the price for gold of $1,650 the cut off grade drops to 1.82 gpt.
So in theory as the price is increasing so is the resource estimate in an official 43 101?
And if that is the case, the longer it takes to do the report, in a market where the price of gold is constantly increasing on average,
the larger the resource estimate will increase.
I assume once the report is done, it's done, and this formula does not change regardless of when you publish the report.
There is no merit here for CD to delay the report but also no merit to rush it either?
JMHO
LTH
