RE: MJSNothing wrong with picture. Of the 2.7 million ozs,, none are in Measured category. 1.7 million are Inferred, which needs to be upgraded. They will also need to upgrade the Indicated to Measured, all of which costs money. Also, as you noted, bloated I & O will make it trade like an Aussie listed company. Plenty of warrant overhang as well.