Looks like explorationguy was right on with his estimation. He said: "I'm sticking with about a one third increase."
The total was 2.5 mil, the report today is about 3.9 mil. Not too much over the 3.3 Mil he estimated.
"resource estimate is due
Should be out next week. My estimates(guesses):
Current resource Ind 1.9 mil ; Inf 0.6 mil ; Total 2.5 mil
Revised resource Mea 0.5 mil ; Ind 2.0 mil ; Inf 0.8 mil ; Total 3.3 mil
Current PEA 1.5 mil Revised PEA 2.0 million
Current average stock price(50 day) $0.55
Target price(post estimate) $ 0.75
I'm sticking with about a one third increase. Anything more will be gratefully accepted. If the Euro collapses all bets are off. The near term panic will cause a flight to the US $ and everything else will suffer."
That's a total of almost 4 Million ounces of Gold. What's there not to like?
