RE:RE:RE:RE:MXI Market Value & Buyout ValueDude... I know because I read the report... unlike you. Lol. So here it is. Inferred Ounces is what IamGold would base their buyout value at. And this is just Diakha (working on more ounces in the extension granted in April) and not including the 600,000 ounces in east Siribaya. The grams per ton is good buddy. Post all you want. Just quit being so damn negative when this is a good find! We still have 100% Merrex owned Karita with good grab samples to start drilling soon. People don't want to read our arguing on here. Its all in the report. BTW. .. the NI 43-101 was created after the Bre-X scandal... to prevent such future frauds. February 09, 2016 MERREX GOLD REPORTS FIRST MINERAL RESOURCE ESTIMATE FOR THE DIAKHA DEPOSIT, SIRIBAYA GOLD PROJECT, WEST MALI HALIFAX, NOVA SCOTIA -- (February 9, 2016) - Greg Isenor, President and CEO of Merrex Gold Inc., ("Merrex" or the "Company") (TSX Venture: MXI) announces: Initial Resource Estimate for Diakha Deposit The Company today announced the initial mineral resource estimate for the Diakha deposit located on the Merrex-IAMGOLD 50/50 JV Siribaya gold project in western Mali, West Africa. The resource estimate, which includes resources estimated for previously known zones at Zone 1B and Taya Ko (part of Zone 1A) along the Siribaya trend as well as the new Diakha deposit, is comprised of Indicated Resources totalling 2.1 million tonnes averaging 1.90 grams of gold per tonne for 129,000 ounces and Inferred Resources comprised of 19.8 million tonnes averaging 1.71 grams of gold per tonne for 1.1 million ounces. The bulk of the estimate is derived from the newly discovered Diakha deposit which is open in all directions and at depth and has significant potential for expansion. The mineral resource estimate prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards incorporated by reference in National Instrument 43-101 is summarized in the following table at a cut-off grades ranging from 0.45 to 0.60 grams of gold per tonne. The effective date of this resource estimate is December 31, 2015. SIRIBAYA PROJECT - MINERAL RESOURCE ESTIMATE December 31, 2015 Classification Zone Tonnage Gold Grade Contained Gold Indicated Zone 1B 2,102,000 1.90 g/t 129,000 ounces Total Indicated Resource 2,102,000 1.90 g/t 129,000 ounces Inferred Zone 1B 4,094,000 1.25 g/t 200,000 ounces " Taya Ko 882,000 1.02 g/t 29,000 ounces " Diakha 14,840,000 1.81 g/t 863,000 ounces Total Inferred Resource 19,816,000 1.71 g/t 1,092,000 ounces