I believe it has a resource of 585,000 oz of gold. However, a resourse needs to be upgraded to reserve (ie lots more drilling at close interval) before a bank would lend a company money to build a mine.
The purpose of the recent drilling was to increase resources. If this is successful, then there will be a decision whether to boost further the resources, or try to move them to reserves.
It's all a matter of statistics and probability. All this is tight regulated by the IORC procedure accepted by the ASX.
BIG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
