Ann: Calidus Grows Resource by 75% to 1.25 Moz, page-23

inferred doesn't mean its there, it means it might be there. indicated and reserves are the only ones that count when it comes to value, Some new retail speculators don't know that, hence the reason for the share price jumping 30 percent off its lows.

so what you said IMO is not 100% correct and here's why......
you are comparing two completely different companies when it comes to classification of resource and even value by asking me the question.



Bellevue has a 232 million dollar market cap... yes congratulation, now i understand the obvious.

Calidus have 1.6 billion shares and there is more to be issued 
Bellevue have around 450 million  shares

Bellevue have 1.54 million ounces inferred at 11.5gpt!!!!!!!!!
and also have have another 1.2 million inferred around the project ( according the the last miner) bellevue hasn't study it yet......that is why its all inferred. A resource upgrade is due next quarter.  
The drill hits are huge so most people are probably hyped up and confident enough to see most of that go into indicated and/or reserves.
800,000 ounces has already been mined from the deposit at 15gpt head grade (the resource is already proven) 
some of the other deposits are 22 gpt plus.

Combined they probably would have an even bigger head grade when the upgraded feasibility comes out after the resource upgrade 

Calidus: 

1.24 million at 1.84 gpt...... indicated and inferred, that is the overall project estimation.
 The Mineral Resource contains a high‐grade component estimated to contain: 14.6Mt @ 2.37g/t Au for 1.1 million ounces

The overall head grade needs to be over 2gpt for this resource to be correctly classified as high-grade (bulk tonne)  


i never said Bellevue didn't have a resource.... you simply( jumped the gun) and i am happy to give my reasons as to why i see it being different, and that of course involves me including the structure of both companies(share registry) because that has an effect on the resource and company value.

Just IMO