Notice the cut-off is (again) reduced ?
Was 2.0, now 1.7, original estimate was at 2.2 g/t
At cutoff of today's update, 1.7 g/t, the June 2012 update would have been
224,696 oz indicated at 4.45 g/t
928,172 oz inferred at 3.20 g/t
1,152,868 total
Today for underground we get
224,000 oz indicated at 3.96 g/t
594,000 oz inferred at 3.01 g/t
818,000 total
And, for ya ya value compare to the original estimate at 1.7 g/t cut
141,688 oz indicated at 4.37 g/t
872,038 oz inferred at 3.30 g/t
1,013,726 total
How does one understand that ?
Clearly not holes moved to "pit" category, where the totals are
74,000 oz oz indicated at 1.85 g/t
186,000 oz inferred at 2.31 g/t
260,000 total
Why clearly ? look at the much lower cut-off.
Today total of totals are
818,000 underground
260,000 pit
1,078,000 total
Come on now. That is less than the June 2012 total at 1.7 g/t cut off for all holes used in that update. Here, with ONE FULL YEAR drilling added and some calculated at much reduced 0.25 g/t cut off, and the total is 74,000 oz LESS ? !
The only way I understand that is if the earlier estimate was overstating things.
This is the end of TPW imo.
