RE:RE:GamesI doubt it will be another year or 2...
Take the MT survey... definitively identified a "target area" (regululatory bafflegab as part of Bre-X fallout)
The Geo's (Moe Lavigne) theory is that the original ore body was sheared by a fault and then laterally displaced... Black Horse and Black Bird are the theoretical bottom of Big Daddy and still open to depth.
Black Horse and Big Daddy are 4 times the size of Big Daddy, and marginally better grade.
If the theory holds up, then the "target area" would line up to be the bottom of the Black Thor deposit.
If the ratios are similar to the Big Daddy/Black Horse/Blackbird experience, then the Target area should be somewhere around 640million tonnes with a slightly better grade than Black Thor.
It still needs to be drilled to prove it, but if I were running the MT Survey design I would definitely baseline it, by doing one over the already existing resource (Black Horse). That would show what a real find looks like.
With that knowledge, it would be better able to interperit the results for a previously unworked area.
Bottom line... I don't think they are idiots and that they are sitting on orders of magnitude more resouces that they can't speak to from a regulatory perspective, untill it has been drilled.