RE: Suspension21 Apr 2026 08:37
Valid points from another chat.
Elizabeth Hill already has form. The 1999 resource came in at 4.05 million ounces of silver at 2,700 g/t, and that was before the Code tightened up. The mine then went on to produce 1.2 million ounces at 2,194 g/t from just 16,830 tonnes of ore before silver prices collapsed to $5/oz and shut the party down.
That legacy estimate has never been restated to JORC 2012 standards. Until now.
The incoming resource will be the first properly compliant, independently verified number this project has ever had, and given what the recent diamond drilling has turned up along the Munni Munni Fault, I think the market is seriously underestimating what's coming.