ETM 4.17% 2.3¢ energy transition minerals ltd

update on resource statement , page-6

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    The activities report stated in the higlights on the first page:

    "Updated resource model to come in second quarter"

    Then again on page 17:

    "A resource update, previously expected at the end of Q1, will be finalised soon as all of the assays from the 2008 field season have been completed."

    It's safe to say that the resource upgrade should be available before the 30th June 2009, although I believe it will come some time within the next few weeks.

    There was one line in todays announcement that caught my eye:

    "Incorporating the 2008 results into the existing resource database is anticipated to have a significant impact on the current stated JORC Inferred Resource"

    IMHO, this statement leads me to believe that the resource upgrade will not be around a 10 - 20 % increase, but instead something spectacular. I don't feel the company would use the word significant for anything less.
 
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