Quote from the release:

Owing to the improved confidence in the resource model, the upcoming resource update will form the basis of the project’s first Preliminary Economic Assessment (“PEA”) study, to commence immediately following completion of the resource estimate.

No way Dave puts that comment in the release unless he is nearly certain the resource will exceed four million ounces.  With the all the additional infill drilling the measured and indicated should increase substantially, two million ounces M+I is a real possibility.

Dave has said in the past four million changes the way the project is looked at.  We should be there soon. 

I expect the stock to move nicely as we get closer to the updated resource in Q1.

Stay safe and healthy!  NS