conversion of resources to reserves, page-2

I bought a handful more too when they dived, couldn't resist at that price.
Frank Carr said to me that they weren't wildcatters as every time they sunk a hole they found gold. There are probably good deal more than the four million ounces so far inferred, indicated and measured.
Even if you were to halve the current resource it would still be two million ounces and surely highly profitable at today's gold prices.
It's just a matter of waiting until there is further delineation of resources and the mining plan is developed. It will take some months but we do have a highly professional new team in charge and they won't mess about.
I don't believe in luck at all, just homework and real patience.