weekend australian article, page-7

I read on this site quite some time ago, and it's seems to still be touted here, that CTS is sitting on a massive deposit.

The company reported in the last quarterly that it has a resource of approximately 3270 tonnes in Peru, and is evaluating other opportunities in one of the former soviet states.

The high grade of the deposit in Peru is great....but I don't see a huge resource here....have I missed something??

I realise that drilling is underway in order for the resource to be upgraded, but even a 100% increase would bring it to approximately 6500t only.....all in a land far away.

It would seem that CTS is undervalued with a current market cap around $25M....A huge resource though?

What have I missed??