resource "u" upgrade news pending!, page-38

Yes and no imo.
I think the indicated aspect is good having increased from the original 39%. Still a company making project and as Lindsay points out:

Interpretation of the infill drilling has resulted in greater confidence in the geological model with the mineralised zones now more tightly constrained, reducing both tonnes
and contained metal reporting to the Inferred Resource category compared with the March 2008 estimate.
Importantly the Bigrlyi mineralisation remains open at depth and along strike, with excellent potential to further increase the resource base. A drilling program designed
to (a) test extensions to current mineralised zones, and (b) convert more resource to the Indicated category, will commence in the September 2009 quarter, subject to BJV
partner approval.

Let us also not forget what they have in W.A. which is playing a secondary role at present.

This is a long term buy imo! Please do the usual research.