ann out, page-41

I dont have time to do the figures now but maybe Phil could. Coffey have made it clear what they have done and have been rather conservative on the revised resource.

"Coffey also re-calibrated the radiometric data based upon a statistical study by firstly reducing values by 30 to 40ppm and then applying a factor of 0.85 to the result."

So they have reduced the grade as Phil has stated..came up with a resource..then only reported 85% of that resource. Super conservative IMO. They are just playing safe but its going to increase a LOT. At times spectrometer grades are a lot lower than chemical assays. All in all an excellent announcement if you have a brain to work out what Coffey have actually done. Its fair enough also as their credibility is on the line when reporting a resource hence they have been safe with their reporting.