Nothing new here22 Apr 2026 08:55
I think a poster on hotcopper described it well: "That MRE of 2.8m Oz AgEq is only 35,000 Oz of gold equivalent at a GSR of 70. That is a tiny MRE for a drilling campaign of 8-9 months. USL drilled Joaquin for 11 months and increased the MRE by 100m Oz AgEq to 167m Oz comprising 75% Ag all from surface. Total MRE has increased from about 160m Oz to 330m Oz AgEq for both projects they own.."