That 1m ounces is due to be significantly upgraded at the next jorc survey which the company has said in its presentations is due in q2. They were originally hoping for a significant upgrade on their original land holdings just from more detailed drilling but since the last survey they now have increased their land holdings by over 400%. I would be very surprised if the next survey doesn't show at least 2m ounces...with $10m in the bank and the company valued at $30m and an extraction cost of around $600 an ounce this stock is looking like the best speculative gold play in the market .
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