The last 43-101 compliant resource was done in 2006 by Giroux.... , 450-500k was the total "cut" resource with strict parameters applied due to new regulations....... based on data from pre 1999 which was used in the Dykes report ...which estimated somewhere near 1M "uncut' ounces... Dykes also hypothesized that the resources were likely consistant down to the 1200 level ,in effect potentially doubling the resource.  Since then then the cutoffs used in many resource reports has lowered (due to higher gold prices) which will add resources.   So fast forward to now the drilling according to PG has shown gold to be present to the 1200 and further outside and below that level.   PG has a bullish outlook on the resource , we await Snowden's ......and we have been waiting a long time ; and until we get a new number these two facts presented by a basher are facts.......

*FC and Standard, as of February 28, 2012, have been paid $667.00 per ounce for finding it ($30,000,000 divided by 450,000 ounces).

*Total paper loss on investment of $50,000 is $48,780.

 

ps : I didn't factor in the emotional sellers who should have bought GIC's or never have borrowed Grammas money in the first place

nope no exageration there ......