CIBC World Markets update Dec 14/11 for GCU estimates the upcoming resource 43-101 will be in the 4.0 mil oz range. I assume they would
be reasonably conservative with their estimate.
Also Quinton's video interview with Jay Taylor last Feb 9/11 stressed the 2006 resource covered only
two small areas outside the current drilling areas. I recall also from the video that it was mentioned
that the silver credits were in an approximate ratio of 4:to:1 with gold. If that is the case that would
reduce the cost of gold recovered by approximately $120 oz(assuming $30 oz silver times 4)
Happy New Year and a Toast to the upcoming 43-101 GLTA