Ann: Mt Freda Complex Global JORC Resource Estimate, page-25

I think you'll find that the market sees it as a rather underwhelming announcement. The company was banging on for for a while about all the bonanza drill intersections they were getting from the 6 rigs they had drilling the Golden Mile, but when push came to shove, they were only able to report 6600oz of indicated resources, at about 3.5g/t, which sounds about right, looking at the drill data. Maybe 50% of that converts into a reserve, which if ever was mined, might just about pay for a round of drinks for the mining crew. Makes you wonder if the company's still over valued?