We need resource upgrade, page-6

Hey MM,

Been following your posts for a while, seem to be a bit more pessanistic than a few weeks? Any reason other than the reserves for the change to this?

I think your underestimating near field drilling, and the conversion of resource to reserves. There last update contained a pretty substantial upgrade to gold grade in existing reserves and I expect this to be repeated. Comparing the resource to reserves a large proportion of far west + north pod ore are in the inferred resource category and at low grade. My expectation is that this is where the upgrade will be and could be pretty substantial. The drilling to date has been very positive. That's all imo only without a lot of geological background. What's ur thoughts?

I do think the share price was a little over bought and after buyin at 13 + 13.5 have sold down at 17.5 cents and 26 cents, with a core holding left over.

GLTA