RE: Email reply from GGP re Byrnecut drilling figures26 Jul 2021 11:11
I asked three questions of SD before his latest PI presentation:
1. Can you confirm you mentioned 8500oz/m @ Havieron, in one of your recent interviews please?
Yes, the top 200m averages >8,500 Ounces per vertical metre. Figures are based on the Initial MRE and do not account for the last > 6 months of drilling. I refer to page 9 of our recent Corporate Presentation.
2. Latest update on Byrnecut progress @ 154m/month is painfully slow. Do you envisage this dig rate to increase substantially, going fwd?
The Byrnecut figure of 154m / month looks to be an average run rate per month for the entire length of the decline when working at full speed. As noted in our company announcement on 22nd July, the actual advancement was 69m with the contractor only recently having moved to 24-hour operations. Furthermore, rock conditions change and usually evolve at depth and allow quicker advancement rates with the passage of time.
3. Will there be a 'pre' (inferred) and 'post' (indicated) MRE, to the PFS in September?
Yes, to the PFS sometime during H2 2021.
Cont'd.....