fantastic update on trial underground mining , page-25

thanks for the observations rowingboat. Looking through the recent july resource statement it definitely states indicated resource of 1,197,000 @ 3.2 g/t for CEB.

Overall resource ounces at CEB in recent statement is less than in the jan 2011 one, seems a bit weird they quote the jan 2011 one in the aug 3rd announcement rather than the one from July 2012 as well. Inferred grade in earlier report was over 4g/t, more has been moved from inferred to indicated in the recent one, overall grade between 2 are similar but less resources.

As you state the 5.6g/t is based on a higher cutoff grade (and thus less tonnes/resource than the full resource based on lower cutoff).

What the mining diluted grade will be once they mine it will depend on the ore zone grade/width vs mining widths so I see why it makes sense that you are looking at this and commenting on it, and it is interesting that the 9m width matches the indicated grade.