Gold in the ground, page-120

rego, that is a very good post. You have played the game sensibly and not become an insensitive, rampant believer in what you have bought.That attitude should take you a long way. There are so many gold explorers on the ASX.
Whether all the gold being identified can be economically mined or not is a fundamental issue. That will only be visible to the market once a JORC reserve is defined and it will be many months before that happens. Even a JORC resource is just a step along the way and you need to take account of what is Inferred, Indicated, or Measured. The initial JORC figure for TSO is most likely to be in the inferred category (normally the case) although with the level of drilling that they have been carrying out there may be some level of indicated.
It is such a pity that some knowledgeable and reasonable people have felt it necessary to exit the HC TSO threads because other "believers" only want to abuse anyone with a contrary opinion to theirs.