"For a junior exploration Company, a resource calculation is always a significant step forward, providing a fundamental asset base for the Company. And this is just the beginning. With the price of gold testing new all time highs, our aim is to expand on this resource estimate, and to explore other areas of our vast land holdings in the Wawa area."

This estimate allows us to put an actual value on the work completed to date.  If you take 220,000oz (40,000oz indicated & 196,000oz inferred) and use a very conservative figure of say $500 oz with the current number of shares (73,380,188) - this works out to be $0.75/share for 50% option or $1.05/share for the 70% option on the property - not taking into account future dilution of course.

Gold @ $1000, which in the future may be quite conservative (IMHO) translates into a share price of $1.50 to $2.10.

"This is just the beginning" - future drilling using the forthcoming 3D model will expand of these resources. 

Not sure how this will move the share price in the short-term but at $0.12 this looks to be a very good investment!