Pat - I think it's an important distinction to make; Pretty sure 100% of us still see upside. Just, how high?
Is 171MT inferred good in the pit? Absolutely. Gives us a lot of upside, I'd just rather it be realized than be upside (as would a lot of others). It's hard to argue that it wouldn't be better if it was in M&I. "don't want to dillute" sure...but it would cost us a few million, which would in turn improve the NPV by several hundred million and up to a billion.
You have to remember, that all of the inferred isn't necessarily even there. The difference between M&I and I is the confidence interval...I do think that a majority of it is there, but it IS possible that a lot of that doesn't get upgraded, and because of that risk...you just can't value it at full price. There's a reason for those NI 43-101 rules.
I'd buy today if I could. In fact, I'd prefer to have bought today then never in the past. I'd make higher returns, and have waited for a shorter period of time.