Can someone tell me where the $5-10M estimate comes from. I hope it is not based on the assumption that T1 & T2 contain gold down to 1000M. As I posted earlier this would be misleading since they have not tested anything or drilled to that depth.

The 5-10M oz was not mentioned officially, although the 1000m figure is mentioned in the latest presentation (see p. 8):

they are predicting an initial tonnage potential from Timmins (T1 & T2) of 18-30M tonnes of 2 g/t Au down to 1000 metres.

That would give us 1.74M oz Au @ 30M tonnes and 1.04M oz Au @ 18M tonnes for Timmins (depending on the cut-off grade).

But as you said, they were using a calculation based on a depth potential up to 1000m for that which is a little bit misleading at this point in time, IMHO !

On the other hand, bulk tonnage has confirmed closer to 3 g/t, so we might be somewhere in between.

FANTOMAS