"such as AVZ having a large resource and not producing...

"such as AVZ having a large resource and not producing anything"

This is very relevant. Galaxy have a 10 year mine life prior to resource upgrade. 40% increase will add to the mine life and therefore the cash flows.

You are missing the point big time (which is standard for you). A large asset sitting dormant and not in production is useless, therefore a resource upgrade means next to f'all.

However, if the resource is in fact in production and better still generating a profit (Mt Cattlin) then a resource upgrade is indeed significant. ESPECIALLY one at 40%.

wow.