RE:RE:RE:Galway Metals Clarence Stream Resource UpdateRE tend to be conservative because you add cutoffs for grade and length. The other issue is they represent the first time a series of drill program results leave the inferred category and move up to indicated which is still below "reserves." Today's news is telling you they have a million oz in indicated and about 1.3 million in inferred. You move inferred to indicated by infill drilling. Remember they were in Northern Miner talking up a drill program with 6 rigs. The indicated on this will only go up and will feed the next complicated, certain to be delayed report the PEA.
If you bought down here you don't have many worries other than short term negatives from the market, the time of year. However if you bought in Sept 2020 you have held on for a year and a half, you got cut in half and then cut in half again. I know it is tough to wait on this, but worthwhile reading the whole message; they have a million indicated and 1.3 inferred and the most recent connecting of zones not included in this report, plus they have the six rigs to swiss cheese this property.
Lev