Ann: Riverina Underground Resource Increases by 46% to 139,000 oz, page-8

A solid announcement, with upside to my very rough guessimate, which I feel is fair, since there is not a lot of detail I can garner on the U/G of Riverina.

I posted this estimate recently,

330k reserve announcement.
Waihi - 105k+
Callion - 20k+
Riverina - 20k+ (now 30k+)
Total - 475k. (now 485k+)

From the update today, and the amount now in the indicated category (at a better grade than I was expecting, my view is we will see close to 30k for Riverina in the U/G. Bring the reserves to 485k. (or approx 97k p.a for 5 years, which is their base case).

Perhaps the market will take more notice once we see these extra ounces moved into reserves....
I think more patience is required right now. Lots of news to come, with the most important being the feasibility study, which we pretty much know is going to say... yes, this is going to be a very profitable mine at the current POG.