google alert, page-5

Thanks for posting that Bird Dog. Very interesting article.

"... but I thought at the outset that our ground could easily have a one to two million ounce potential and at this stage we're sitting comfortably over a million ounces."

I can't understand how he can say that in an interview to the ABC when the market hasn't been made aware of the downgrade to the Juno resource. It does give me some hope that the downgrade isn't as severe as everyone fears, so I'm with you there verytricky.

If the downgrade is from the revision of data that was used in the 2008 resource upgrade, then maybe it won't be too much. If however it stems back to the determination of the initial JORC of 532,000 ounces from the database inherited from Normandy, 321,415 ounces of which was in the indicated category at Juno, then the downgrade will possibly be far more substantial.

At this stage I no opinion on EXM until we know what the revised resource is. Best I can say is it's back to "highly prospective" until we know more.