The 43-101 is a very formal document required by the TSX and is full of carefully stated numbers by a third party that is liable for their statements. Another word, the umbrellas are out.
Companies have their own set of numbers and drive the investments they make in drilling (multi million $)from their best assumptions. They do not drill where the 43-101 say the gold is, they drill where they think it is in order to expand the 43-101. PTQ is no different than any other mining company.
Many analysts will only take the 43-101 numbers and consider that the rest does not exist. That is just fine because they have their own set of liabilities toward their clients but it is why they sometime miss the boat. It is also a good way for them to tell you "I told you so" if things go wrong which they sometime do but that's life in the mining world.
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