Thanks for the clear analysis, explorationguy and h_rattle, and for spotting the non-compliance text in the NR.

I am unclear about the status of a PEA that is not 43-101 compliant. Here is a relevant article on the issue:

http://www.wardrop.com/Wardrop/en/Newsletter-Articles/Working-with-National-Instrument-43-101-Vol.-1.html

It appears to suggest that a PEA should be compliant. When I google, I find a hundred thousand hits for "NI 43-101 Compliant PEA", per

http://www.google.ca/#num=50&hl=en&safe=off&biw=1068&bih=762&q=compliant+pea&aq=f&aqi=&aql=&oq=&fp=85384e2c5b7b9069

... but none, no hits, for the non-compliant version.

So about a non-compliant PEA, all I can say is I don't get it.

P.S. to knox - read the posts - you did not read thoroughly. I gave the chance of e.g. 3.25 million oz as a resource estimate as a 30% probability - i.e. less than half, and highly dependent on new in-fill drilling, choosing a very low cutoff grade, and extensive finds from sampling of previously unsampled core sections i.e. luck. Most likely it'll be near 2.25 million oz (my 70% guess), and I truly doubt anything less than 2 million. Explorationguy has been more thorough in his analysis and suggests in the 2 million+ range, and I would give his numbers the greatest credibility.