Ann: Bonanza results up to 9m @ 35.88g/t gold at Bombora, page-131

It is all best guess and a bit of pin the tail on the donkey, but a home run would be an MRE around the 1m oz mark IMHO. However, Mr Market might already expect something like that and anything below might cause a sell off. That could be a very good time to buy more as the proving up of this resource will take some long time yet.

Anyhow, the following extract and chart is from a report written in 2012 and shows how difficult it is to find major greenfields gold discoveries in Australia. Since 2012 it has got even more difficult to find these significant greenfields gold discoveries. If the MRE is around 1m oz mark then it will be exciting because it will only be a portion of the length and depth of strike discovered.

Cheers

"Chart 3 points to the decline in the average size and grade of discoveries. Whereas the average size of gold discoveries was 2.2 Moz between 1980 and 1989, it was half that at just 1.1 Moz from 2000 to 2009. The average grade of discoveries similarly halved over the decade, in part reflecting changing styles of mineralisation that comprise the bulk of gold exploration targets. This includes porphyry style deposits where gold occurs in combination with other metals, principally copper and, to a lesser extent, silver and molybdenum. These deposits often require more costly and complex processing."

Here is the link to the report: http://www.minerals.org.au/resources/gold/the_exploration_challenge/