RE:Highlights underlinedFerrel...Good points about some of the differences between an initial resource estimate and a feasability study, which are probably lost on a lot of general investors who lack the specialized knowledge necessary for investing in mining companies. (I'm sure we can expect a lot more of these when the PoG recovers: The story goes that in a real buying mania, everything with the word "gold" in it does well, including Gold's Bakery.)
For everybody else, the more information the better. The correct procedure is to report the entire estimated resource, and let the various categories (proven, probable, indicated, inferred) and the nature of the deposit sort out what is likely to end up actually being exploitable. (Although there certainly are companies out there more concerned about exploiting the investor than the resource!)
BTW, Pretium is another example of how "independent, qualified experts...can still come up with far flung conclusions", especially on a deposit that defies normal methods of resource estimation. The disparity there between sampling methods preferred by two different firms allowed me to score a quick double, merely because I was confident in my prior DD and could determine that the recent sell-off was probably wholly unjustified.