Evidence based speculation, page-79

Again, you keep proving how little you know and how you're incapable of thinking outside of the box (like 1 or 2 others here). I don't know why I bother. Just go away Esh. You know a bit of chemistry so you can baffle them with BS but you're just downramping to get in cheap - it's been proven here and on other stocks. Just find a stock that Esh doesn't hold and he'll be downramping.

Of course those 4 holes would be part of a larger program so they'd be proving up much more than 3Moz, but 4 holes to 60m (assuming all fresh rock) would provide 240 samples to inform the estimation for that volume, which is a heap of samples and certainly enough for an Inferred resource, but probably Indicated.

Resource classification is all about the confidence the geologist has in the estimation and 240 samples informing a relatively small volume like that is fine.

If you've seen how many holes they plug into a porphyry deposit, the drilling density is low, so 25 deep holes might prove up 50Mt of ore. It's a very similar scenario here.