Re: $2.3 billion for 2.2 million measured, indicated, and inferred ounces of gold?
posted on
Feb 03, 2011 12:37PM
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If one was reading the recent FRG news releases for the past 6? months, they have weekly been coming out with drill results of excellent grades over fairly wide widths.
I doubt their resource has been upgraded to match all these recent drill results.
I suspect they have way more than 2.2 M ounces.
Along the same lines though not yet proven, I suspect Tyhee has way more ounces than the stated resource but they have not done the extensive drilling FRG has done recently.
P.