I did not immediately buy into that response either.
Was it drill hole 30 that had the extremely high grade? and yet the wedges around it were mediocre, and there were a number of them.
A large part of the difficulty in adding ounces is the lack of sufficient geological model, imo, such that they cannot even attempt to indicate believed true width on intervals. Extend that to trying to estimate continuity of an intercept with intercepts in adjacent drill results and it is apparent that any one intercept only adds a guess of the nearly block content - an just as the cut off was imo unreasonably reduced to 2.0 from 2.2 g/t in the update as far as I know the extrapolation of that small halo added into the estimate around an intercept is still small using the inverse cube formula. There are not veins being inferred, just isolated intercepts.
With the depth and so cost of getting sufficient info to define structures in the model, such as named veins followed over distance like one often sees, it will be a very slow process adding ounces.
CD has doubled down on TPW, a few times, and cannot walk away from the kitty, must play out the hand, and it really does not matter any longer what cards are in the hand.
jmo
News 
Market Data 
Discover 
