RE: Ian McAvity
"Ian believes that the best value in the gold mining sector is found in the junior companies, that the majors have only rarely out-performed the actual metal prices. The juniors are the groups who actually create value through exploration and discovery. But the most investment risk is with the juniors as well – not everyone makes an economic discovery, no matter how attractive the property".
Good thing we already have proven,indicated and inferred to nearly 1.5M oz AU not to mention possiblilty of other metals. Sure takes the risk out of.... "not everyone makes an economic discovery". Will it really take $4-5M to move the bulk of the inferred and indicated into the proven category or will a re-assaying of existing core be sufficient to get there?
Would be nice to use the $4-5M for expanding the resource.