Put another way, one of the articles said that the inground resource of 150,000t was equivalent to 50k ounce of gold. That would equal about $40m. If you increase the tonnage by a factor of 6.6 to 1 million tonnes, then the value in gold ounces would be about 330,000, or $260m odd. These are rough figures, but they are consistent with the $220m just mentioned.
Still, I'm happy with them so far, and hopeful for the aimed at tungsten upgrade with more drilling, good U assays, and increasing market interest in the mean time.
holding tight til it hurts, page-22
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